Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This in conjunction with the context that Big Banks are rapidly taking over as land lords [1] is truly absurd. Directionally, tax payers are transferring their wealth to Big Banks.

[1]https://news.ycombinator.com/item?id=27448175



I've read that Big Banks are still a tiny minority of landlords. The numbers I got for the 2012-2014 market (which was the peak of investor interest after the last bust) were that 20% of homes were sold to investors, and of those only 1-2% were large institutional investors (with the other 18-19% being mom & pop households who want to own a rental property) [1]. This is also consistent with anecdotal reports I've heard from realtors for the post-pandemic market; about 3-4% of their sales are to corporations, and the bulk are wealthy Millennial tech workers or folks moving out of HCOL areas.

[1] https://www.federalreserve.gov/econresdata/feds/2015/files/2...


What do banks have to do with Covid, did they create it?

I get it people don't like banks. Banks print money, banks can have shady business in addition to plain old banking...

And if I recall correctly, most landlords are not multi-building owners.




Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: