Private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter of 2023, the data reveals.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · edit-2 8 months ago

Private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter of 2023, the data reveals.

thejevans@lemmy.ml · edit-2 8 months ago

EDIT: Not the CNBC article, but the source for the 44% number, I don't know why I conflated the two in my head.

Sure. First, here is the non-paywalled version of the article: https://archive.is/dYiTl

Second, here is a succinct explanation of the problem with the 44% number they state: https://medium.com/@TheDebunker/the-article-is-a-disturbing-fraud-78faeebe2836

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 8 months ago

Thanks for providing the article, updated the title to match.

Private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter of 2023, the data reveals.

Private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter of 2023, the data reveals.

Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here's what that means for rental prices