{"id":18162,"date":"2021-05-22T07:42:32","date_gmt":"2021-05-22T14:42:32","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18162"},"modified":"2021-05-22T07:42:32","modified_gmt":"2021-05-22T14:42:32","slug":"overnight-news-why-are-hedge-funds-still-buying-rental-properties-at-the-top-of-the-market","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18162\/overnight-news-why-are-hedge-funds-still-buying-rental-properties-at-the-top-of-the-market\/","title":{"rendered":"Overnight News: Why are hedge funds still buying rental properties at the top of the\u00a0market?"},"content":{"rendered":"

\"Ya

\u201cWhen will you know Bumstead has grown up as a real suburb? When they stop calling it\u00a0Bumstead.\u201d<\/p><\/div>As noted below, hedge funds are still buy-and-hold buyers. Do not ask me why. We have not worked on the buyer side of an investment deal in six or seven years. My style of single-family property has been upside down for a long time.<\/p>\n

But we sell to them, happily, when we hit their buy box, which we almost always do. Over the past few years, you can track them as they went from bargain hunters at 85% of list to retail shoppers at list or above. I can’t imagine they’re picking off very many right now, given what owner-occupants are willing to pay, but, as before, I’m not seeing their upside, anyway.<\/p>\n

For a reason why, take the satellite view of Bumstead, AZ<\/a> \u2013 and look at all that empty dirt. Zoom out: There’s lots more. All that land and much to the west of it will be houses someday.<\/p>\n

Could it be that the hedge funds are putting a corner on tulip bulbs?<\/p>\n

In other news:<\/em><\/strong><\/p>\n

CNBC:<\/strong> April existing home sales drop, marking three straight months of declines.<\/a><\/p>\n

Bloomberg.com:<\/strong> Mega Landlords Are Snapping Up Zillow Homes Before the Public Can See Them.<\/a> Is this opaque to you? Are they buying at retail, off the MLS? Or are the iBuyers wholesaling inventory at precisely the wrong time? And what would be the point of that, anyway \u2013 buy high, sell even lower?<\/p>\n

Housing Wire:<\/strong> Home shoppers aren\u2019t the only ones using Zillow.<\/a> I know a lady who meanders neighborhoods in Google Streetview.<\/p>\n

Daniel Greenfield:<\/strong> San Fran Legalized Shoplifting. Now Seniors Have No Pharmacies.<\/a><\/p>\n

Angelo Codevilla:<\/strong> Regime vs. Regime.<\/a><\/p>\n

Julie Kelly:<\/strong> The January 6 Commission Is All About Revenge.<\/a><\/p>\n

Karol Markowicz:<\/strong> Back from Florida\u2014To Stay? A lifelong New Yorker wonders if the city can still be home.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cWhen will you know Bumstead has grown up as a real suburb? When they stop calling it\u00a0Bumstead.\u201dAs noted below, hedge funds are still buy-and-hold buyers. Do not ask me why. We have not worked on the buyer side of an investment deal in six or seven years. My style of single-family property has been upside […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3282\/casual-friday-caption-this-photo\/","url_meta":{"origin":18162,"position":0},"title":"Casual Friday: Caption this photo","author":"Greg Swann","date":"June 27, 2008","format":false,"excerpt":"My entry: \"Because I happen to like Argyle socks, that's why!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":18162,"position":1},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8385\/caption-me-this-magnum\/","url_meta":{"origin":18162,"position":2},"title":"Caption Me This Magnum","author":"Brian Brady","date":"May 13, 2009","format":false,"excerpt":"My vote?\u00a0 \"Who let Higgins in to your closet, Thomas? \" Sometimes, you just gotta have a sense of humor.","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3289\/shout-out-a-toast-to-life-abundant-and-caption-this-photo\/","url_meta":{"origin":18162,"position":3},"title":"Shout out a toast to life abundant — and caption this photo","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"Sez me: \"Bill Gates stole this facial expression from me and I want it back!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14685\/caption-obama-before-his-face-freezes-like-that\/","url_meta":{"origin":18162,"position":4},"title":"Caption Obama — before his face freezes like that.","author":"Greg Swann","date":"June 15, 2011","format":false,"excerpt":"My vote: \"I don't get it. This stunt always used to work with my Gammy.\"","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8372,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8372\/caption-this-photo-todd-carpenter-at-the-nar-mid-year-flamboozlepalooza\/","url_meta":{"origin":18162,"position":5},"title":"Caption this: Todd Carpenter at the NAR Mid-Year flamboozlepalooza","author":"Greg Swann","date":"May 12, 2009","format":false,"excerpt":"My votes: \"MIBOR? That's above my pay grade.\" And: \"No, this is not a clip-on tie!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18162"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18162\/revisions"}],"predecessor-version":[{"id":18163,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18162\/revisions\/18163"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}