Home Builder builds 124 homes doesn’t sell them to individuals, but bundles them, and sold them for 32 million dollars for a giant rental cash flow.
Home Builders to STOP BUILDING AND SELLING AFFORDABLE HOMES –
If You Sell a House These Days, the Buyer Might Be a Pension Fund
The country’s most prolific home builder booked roughly twice what it typically makes selling houses to the middle class—an encouraging debut in the business of selling entire neighborhoods to investors.
“We certainly wouldn’t expect every single-family community we sell to sell at a 50% gross margin,” the builder’s finance chief, Bill Wheat, said at a recent investor conference.
Meanwhile~ Foreclosures are banned until 2022
2.1 million are 90 days beind on their mortage
3 million are in forebearance
1 in 5 renters are not paying rent
30-40 million could be evicted!
h/t Raylie Ann