Second Biggest US Landlord, Owner of 20,000 Homes, Terminates 15% of Staff
- Thread starter Banjo
- Start date
hmmm very interesting...
US Property Bottom reached or not reached
US Property Bottom reached or not reached
10 days back, onions prices went up from Rs 40 to Rs 80 and 90% people were not buying onions in india.
But then they say that house/apartment in Mumbai is worth $2 million or $5 million etc.....
Do you think there will be buyers for multi-million dollar houses when people do not buy Onions costing Rs 80 ??
There's good reason people rent apartments rather than homes. Problem with owning and renting homes is lack of scale, which means expenses too high combined with more difficulty leasing, managing, and collecting rent from house renters all miles apart from each other. How many property managers that takes as opposed to managing hundreds of units at a single location.
on the radio they said today california mansion sold for 500,000$ that was 3,5 mil 7 years ago
Quite a few people are wondering what the heck they are doing. They bid up the price of houses (significantly) buying 50% of the sales and frequently overpaying and now their property management costs must be through the roof.
I understand the goal may be for a short term cash out for some of the people who stated these funds... Will these funds just fall apart or will they be able to succeed.