CLEVELAND—Economic upheaval has investors hunting for cheap houses. Many are finding them on the shores of Lake Erie.
The pandemic has stoked demand among investors, who were already buying more than one of every 10 homes sold in the U.S. They started gorging on houses after the last recession served up millions of foreclosures, and they’ve kept buying despite rising home prices, wagering on a permanent suburban rental class.
What’s second prize?
Here in Rochester pre-pandemic we actually had a very hot real estate market (both residential and commercial) for years; I’d be interested to see the impact coronavirus has had on that
Buying rentals right now? In the middle of a pandemic? You must have bumped your head. Good luck finding renters in this environment. JMO, but we are nowhere near the bottom just yet... Patience is the virtue of Kings
How's the Twin Cities property value these days?
Miiiiiiiiiiiiight want to give it a few months...
Vultures