roofquant

Bringing Wall Street grade insights to residential real estate

[roofquant @roofquant]

@TurnkeyChicago Sure it’s the 6$ latte keeping people broke!

[roofquant @roofquant]

@Duderichy Any location that gives you such money will also cost equally high. 500K doesn’t mean much in those zip codes.

[roofquant @roofquant]

@jonbrooks Vast majority would be inherited and sit as an asset.

[roofquant @roofquant]

We're curious what others are seeing.

📉 Have housing cycle mechanics changed for good?

Or is this divergence just waiting to mean revert?

Let us know. 👇

#HousingMarket #SFR #Macro #Proptech #RealAssets #CRE #realestateinvesting

[roofquant @roofquant]

A 30-year pattern in U.S. housing just broke.

From 1990 to 2020, homebuyer demand (MBA Purchase Index) and valuations (Price-to-Rent ratio) moved largely in sync.

Then post-2020 happened.

[roofquant @roofquant]

So is this just a temporary dislocation?

Or are we entering a new cycle where demand signals no longer lead price?

[roofquant @roofquant]

As per data from US Gov, 78% of those 575,000 homes are owned by mega investors (investors owning more than 1,000 homes).

Of these, only one was spun off Black Rock and now controls roughly 93,000 homes.

So, Black Rock, individually may not be the biggest landowner in the US.

[roofquant @roofquant]

Is Black Rock the biggest landowner in America?

[roofquant @roofquant]

If one runs a simple query of houses registered under LLCs (likely more than 5 properties), it might reveal a different picture altogether.