We Buy Ugly Houses, Cash 4 your Home, etc. All of these companies are buying houses for cash selling them to investors to turn into rental properties packaging those rental investments just like they did mortgages 15 years ago grading those investments and then selling them off.

Same thing they were doing with mortgages but it's actually quite difficult to evict somebody and foreclose on their home. It's very easy relatively speaking to get rid of a renter compared to an owner.

These companies are snapping up every single house they can get. Doing the same investment scheme they did with the mortgages but it's much safer to do it with rentals.

As this trend continues there's going to reach a point where actually buying your own home and owning it is going to be extremely challenging they just won't be the supply of homes available.

I just wanted to drop this knowledge since it's kind of a big deal if you think owning a home is important versus renting and nobody's really talking about it.

A few times a year I really bit** and complain how bad owning a home sucks. AC units giving up the ghost, hot water tanks bursting, furnaces biting the dust, roof replacements, foundation repairs, electrical gremlins, sewage lines rusting and collapsing...it's a headache sometimes.

It's those times that I think it would just be easier to live on a leaky sailboat with a few dozen bikini models and travel the world without a mortgage, property taxes, and home repairs. There's nothing I can't fix on a boat with a can of Flex Seal.

Should I buy some credit default swaps?

I haven’t rented in 30 years and it’s never crossed my mind to rent again. Not even when I’m reeaaalll old I won’t live in no damn retirement apartment. I’ll die here in my crib that I hope I’m the owner of before I buy the ranch.

I bought my current home from Zillow. They sold it to me for 12K more than they paid for it 4 months prior. Would have worked out well for them if they didn't have to pay 36K in relator fees and another 10K in various concessions. They were just getting into the game back then and I'm guessing they have since refined their model to try and actually make money. Agree though with the OP, it could be a problem in the future.

The all cash buyers are what's keeping a lot of people from buying a home right now. Plus they usually offer more than asking price if it is in a competitive market. It's amazing that the Huntsville metro area is one of those markets. Lots of people moving here.

There are companies out there now that own 50000 house they rent out.

We’ve considered it, also considering renting again. Want to be more fluid, maybe live is some different places and really because of what Floon stated above, I’m tired of the house owners bull

Ok

Good! Now you know.

That's right and they are getting more everyday.

I feel like a lot of people think these offers to buy houses for cash are just flippers. That they'll do some repairs maybe some remodel sell the house to somebody else for a nice profit. Some are.

But many of those homes will never be for sale again.

Family next door to me put a 1850 sf home built in the late 1980's up for 333K and got a cash offer of 375k in 2 days. Chinese investers.

Home to flip are almost impossible to find. Makes more sense to buy properties to hold. There are some out there but not many. I just finished a rehab for an investment company. They are trying to buy 3 to 5 properties a month here in dfw. They are already in the Minnesota and Florida markets. It’s super competitive right now for investment homes also

Sounds like it'll be a heck of a market for house builders.

Yeah, it's getting pretty bad here in San Antonio too. We got into a great home just as this was starting to get out of control. Should we decide we need more bedrooms, larger lot in the city, my only hope is to by a family member's house before it ever hits the market.