Saturday, March 23, 2013

Weekend Reading


Blackstone Crowds Housing Market as Rental Gains Slowing (A realtor I know was hired by a fund to buy single-family homes to rent. The rental yield they want on their money after purchasing the property and putting whatever money needs to be spent to make it rentable: 5.5 to 6% . He said that if an asking price will yield 7-8%, they just pay the asking price. My impression is that until about 6-12 months ago, these numbers were in the low double-digit range.)