⟵ back to the Big Con

Billions of dollars in capital have flooded into the housing market

"… [in 2021] foreign buyers spent $59 billion to purchase 98,600 existing homes in the US… 44% were all-cash sales… Nearly half of the foreign buyers — 44% — bought their properties for use either as a vacation home, rental property, or both."
Chinese spent $6.1B on US real estate last year, New York Post

"Former Amazon CEO Jeff Bezos, Salesforce CEO Mark Benioff, Zillow co-founder Spencer Rascoff, and Uber CEO Dara Khosrowshahi are among the investors."
Jeff Bezos Is Funding a Real Estate Startup Buying Up Family Homes to Rent, Vice

When Private Equity Becomes Your Landlord, Pro Publica
§ Private Equity Firms Were Behind 85% of Freddie Mac’s Biggest Apartment Complex Deals