Everybody needs a home, not a property portfolio

Karl FitzgeraldMultimedia2 Comments

Renegade Economists Show 435

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
Karl sums up the challenge to life on earth as Kelly Whitworth (Homeless Persons Union of Victoria) discusses an action surrounding empty homes owned by government. Then more on Rental backed Mortgage Securities and the commodification of the planet. Get those runners on!

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Rental Backed Mortgage Securities
listen to past shows on the topic

The results reveal there is approximately US$1.16 trillion of capital targeting property investment in 2016—an increase of 3 per cent from 2015 levels in local currency terms.

“We believe that 2016 will be another active year for the global real estate investment market, with capital flows 6 per cent higher than in 2015. There is more than US$1 trillion of capital targeting real estate in 2016 and this volume of expenditure will maintain support for global real estate prices,” said Chris Ludeman, Global President, Capital Markets, CBRE.

CBRE Investor Survey

Roofstock launches dedicated marketplace for SFR investors

OAKLAND, Calif.–(BUSINESS WIRE)–Roofstock today launched the first dedicated online marketplace for investing in leased single-family rental (SFR) homes.

Roofstock launches first dedicated marketplace for the $2 trillion single-family rental sector
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Created by investors for investors, Roofstock is a new, more efficient way to buy and sell investment properties. For sellers, properties can be sold without having to wait until tenants move out, avoiding the lost income while marketing a vacant home and the significant selling costs associated with traditional channels. For buyers, Roofstock offers a proprietary inventory of leased, certified, professionally managed homes that generate immediate cash flow and future home price appreciation potential.

… Added Matt Harris, managing director at Bain Capital Ventures: “Single-family rentals have become an institutional asset class, but as yet lack the type of market infrastructure that investors have come to expect. Roofstock solves that problem, and in doing so, creates the opportunity to expand into other segments of the multi-trillion dollar real estate industry.”

Single Family Rentals Pay Bulk Investors

Property managers of single-family homes raised their average rents by 3.5 percent in 2015 across the 504 counties that data firm RealtyTrac looked at nationwide. (RealtyTrac looked at three-bedroom units for the study, which are likely to represent rental houses). That rent increase is significantly higher compared to the rate of inflation over the same period.

Vacancy levels are well within expectations, and rents have exceeded originally underwritten rents,” Morningstar researchers write.

#who audits the vacancies?


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