Alex Pollack
@PollackAlex
Girl dad, husband, home builder, and happy to be here.
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I put together a list of the Top 11 myths about institutional investors in single-family rentals. I know I won't convince every skeptic, but as we consider a ban on buying homes, I hope we can at least re-ground some of the debate with data and academic research.
Every effort to reduce housing cost by subsidizing demand will result in increasing Home prices The only ways to make homes more affordable in the long run is to increase supply or reduce demand
BREAKING: The Trump administration is going to allow people to take money out of their 401(k)s and use that for a down payments, per Bloomberg
The Housing Crisis is a existential threat to America and there is only one solution to fixing it... ALL-OUT CONSTRUCTION
Updated look of the absolute dominance of institutional investors on the U.S. single-family housing market.
The "institutional investors buy a lot of houses!" people tend to ignore the part where institutions sell a lot of houses.
7 of the 8 largest institutional single-family landlords are currently net sellers, shows @ParclLabs data FirstKey Homes currently has the most single-family homes for sale—904 units, or 1.9% of its total portfolio FirstKey Homes is owned by private equity Cerberus Capital
Matching BTR products with tenant profiles 👇 → Cottages: 1-2 beds, great for individuals, couples, and roommates + dogs → Townhomes: 2-4 beds, smaller living spaces ideal for families or roommates → Single-family detached homes: 3+ beds, large spaces designed for families
Probably the most common question I get from younger guys is “How would you do it all again if you were my age?” I’ll do you one better. Here’s an extremely realistic gameplan to get from ~$0 to $1MM in 5 yrs I’m going to assume that you have a W2, are roughly 22 and have…
Far too many people say this without thinking it through. A 6.75% rate puts a $400k home at a monthly payment of about $2,700 (assuming a 20% down payment and including averages for taxes/insurance). A 5% rate puts the same house payment at about $2,330. To get that same…
Rates are fine. Prices are too high. Sellers need to reduce their prices. A correction in housing is much needed here.
How can you know if you’re overspending on labor or materials? The fluid nature of construction costs can make it difficult to discern how much is too much. Of the overall vertical construction budget: 🧵
The saying 'Great minds think alike' is actually the shortened version of a longer quote: "Great minds think alike, though fools seldom differ"
The BBB sends $695 million of your tax dollars to FIFA—an organization that makes $6 billion a year and sits on $3 billion in reserves. How about they pay for their own security instead of robbing the American taxpayer?
If the FIFA and the NFL want security by the U.S. government, they need to pay for it.
About 30 yrs ago if you wanted a building permit in Austin, you go to the basement of a gov building, meet a reviewer at a table. They checked/stamped the plans right there. Then you walked out permitted. Today, it takes 12 weeks, you get 30 random boiler plate comments. No one…
@PollackAlex shares build-to-rent, with its continuous build cycles and repeated product types, creates a fertile sandbox to innovate the construction process. Listen to his full interview in the Dirt to Development podcast. podcasts.apple.com/us/podcast/ep-…
Wonder why apartment developers say the potential tariff impact on construction costs is fairly minimal? Helpful graphic from AvalonBay illustrates it: Materials represent only 20% of construction costs. Bulk of costs go to labor / subcontractors.
Some large apartment REITs just released updated data on renter demographics and incomes... and their renters aren't who you might think. Typical incomes: Camden: $120k Equity: $169k Essex: $131k MAA: $91k Rent-to-income ratios range from 19% to 22%. More highlights:
A fan caught a video of Ketel Marte having a conversation with his bat. Needed a good laugh today😂
How would one describe the other 70% of people that own a property and rent it to someone else to make money?
Investors now own 30% of metro Atlanta’s single-family rental homes, per AJC.
Wow. A must watch. Fair play. Bill Maher rips into the “Anti-Israel” / “Anti-West” idiots. Take a listen.
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