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What would be “housing price insurance”?
Posted on 12/9/23 at 10:36 am
Posted on 12/9/23 at 10:36 am
There appears to be political pressure mounting to drive down housing prices by forcing large investors to sell off their housing portfolios.
What would be a protection against falling housing prices? I assume stocks or bonds (now that rates have increased) as the money will go somewhere after the homes are sold, but I don’t think I’ve heard of anything directly called “house price insurance”.
If you expected home appreciation to be stagnant or falling over the next 10 years, what are ways to protect yourself?
LINK
What would be a protection against falling housing prices? I assume stocks or bonds (now that rates have increased) as the money will go somewhere after the homes are sold, but I don’t think I’ve heard of anything directly called “house price insurance”.
If you expected home appreciation to be stagnant or falling over the next 10 years, what are ways to protect yourself?
LINK
quote:
U.S. Rep. Adam Smith (D-WA) and U.S. Sen. Jeff Merkley (D-OR) introduced a bicameral bill that seeks to prevent hedge funds from buying up residential real estate. The End Hedge Fund Control of American Homes Act of 2023 would ban hedge funds from buying up single-family homes and require them to sell at least 10 percent of the total number of single-family homes they currently own to families per year over a 10-year period. After a 10-year full phase-out, all hedge funds will be completely banned from owning any single-family homes.
3
Posted on 12/9/23 at 11:08 am to Kujo
I'm less interested in your question and more interested in the feds telling companies what they must do.
The price of a home only matters 4 times.
1) purchase price
2) tax assessments
3) appraisal/secured equity loans
4) sale price
When you are looking for "insurance", which of the above scenarios are you referencing?
The price of a home only matters 4 times.
1) purchase price
2) tax assessments
3) appraisal/secured equity loans
4) sale price
When you are looking for "insurance", which of the above scenarios are you referencing?
Posted on 12/9/23 at 11:45 am to meansonny
Sale price in 11 years.
If this is enacted next year, then the complete liquidation will match my planned retirement (pension, when first eligible).
We plan to leave the country and live off my pension, but we bought a >$1M home in SF last year, so there’s mild concern that a flood of housing sales coupled with all the local push for new housing construction, that values will stagnate/fall.
10 years is a bit too far out to worry, but if 25% of the market gets put up for sale and interest rates are high, housing prices should fall significantly.
If this is enacted next year, then the complete liquidation will match my planned retirement (pension, when first eligible).
We plan to leave the country and live off my pension, but we bought a >$1M home in SF last year, so there’s mild concern that a flood of housing sales coupled with all the local push for new housing construction, that values will stagnate/fall.
10 years is a bit too far out to worry, but if 25% of the market gets put up for sale and interest rates are high, housing prices should fall significantly.
quote:
Investment firms own about 25% of all single-family homes in the US, according to data reported by the Pew Trust and CoreLogic (as of 2022). This includes both institutional investors and individual investors using investment strategies like house flipping.
Posted on 12/9/23 at 10:02 pm to Kujo
The legislation is retarded.
So the homes go on the market for sale.
Does the legislation pick a listing price?
What makes you think the listing price would be lower if the companies do not want to sell the properties.
Is this a communist government picking the listing prices that the businesses must use?
There is no way to legislate this. There is no way it passes the Supreme court
So the homes go on the market for sale.
Does the legislation pick a listing price?
What makes you think the listing price would be lower if the companies do not want to sell the properties.
Is this a communist government picking the listing prices that the businesses must use?
There is no way to legislate this. There is no way it passes the Supreme court
Posted on 12/10/23 at 1:36 am to Kujo
It’s for single family homes. I’m not crying for the hedge funds. They can still go to town on multifamily.
Young families and first time home buyers going up against wall street conglomerates with all cash offers seems like late stage crony capitalistic hell.
Young families and first time home buyers going up against wall street conglomerates with all cash offers seems like late stage crony capitalistic hell.
This post was edited on 12/10/23 at 1:37 am
Posted on 12/10/23 at 5:11 am to Kujo
Number 1 this is just posturing and never will never be passed as a law. So no point in getting too worried about it.
Let's say they did something similar to it, the phase out period would be significantly longer than 10 years. You really have no protection specifically for your home pricing. Besides the obvious stuff of trying to time the market and selling properties before it is enacted.
Obviously you could play the market too hedge against it. But not specifically for home price
Let's say they did something similar to it, the phase out period would be significantly longer than 10 years. You really have no protection specifically for your home pricing. Besides the obvious stuff of trying to time the market and selling properties before it is enacted.
Obviously you could play the market too hedge against it. But not specifically for home price
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