• Jun 04, 2023
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  Some cities seeking a spike in evictions, and in empty rental locations.
  

  
  

  Investors aren't buying properties, which could bring prices back down for regular buyers. Mortgage rate (7%) is higher than the cap rate (4.6%), so if you buy with debt (most investors do) you're losing money on a property investment bought in the past few months. And cash is paying 4 or 5%.
  
  

  But he thinks people will float their losses, thinking the economy will improve (everyone's talking about this), and the only thing that would trigger investment and owner property sales is significant unemployment rate.
  

  
  

  Blackrock has STOPPED BUYING HOMES (2023 Firesale Coming?) - YouTube 
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  <div>Some cities seeking a spike in evictions, and in empty rental locations. <br></div><div><br></div>Investors aren't buying properties, which could bring prices back down for regular buyers. Mortgage rate (7%) is higher than the cap rate (4.6%), so if you buy with debt (most investors do) you're losing money on a property investment bought in the past few months. And cash is paying 4 or 5%. <br><br><div>But he thinks people will float their losses, thinking the economy will improve (everyone's talking about this), and the only thing that would trigger investment and owner property sales is significant unemployment rate. <br></div><div><br></div> <a target="_blank" href="https://www.youtube.com/watch?v=BaQazwu6_Ro">Blackrock has STOPPED BUYING HOMES (2023 Firesale Coming?) - YouTube</a> 

  Some cities seeking a spike in evictions, and in empty rental locations.
  

  
  

  Investors aren't buying properties, which could bring prices back down for regular buyers. Mortgage rate (7%) is higher than the cap rate (4.6%), so if you buy with debt (most investors do) you're losing money on a property investment bought in the past few months. And cash is paying 4 or 5%.
  
  

  But he thinks people will float their losses, thinking the economy will improve (everyone's talking about this), and the only thing that would trigger investment and owner property sales is significant unemployment rate.
  

  
  

  Blackrock has STOPPED BUYING HOMES (2023 Firesale Coming?) - YouTube 

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