I don't actually know total homes held by REITS and other companies I do know that in the Toronto market for instance 50% or so of condos are not owner occupied. Housing prices went up 127% in the the last few years while income went up 33%.

Im sure there is manipulation and starving the market via available units but it don't know the numbers.

single family or multi family residences? I wouldn't be surprised at multi family residences being owned by businesses but i've yet to hear of single family residences being held up by any business in toronto

This post was edited by duffman316 on Mar 20 2021 12:53pm

Lumber prices are indeed outlandish. Had to buy some rough sawn to save a few pennies, on my ply. It's comical because I live in a huge forest. Might try the mobile mill guy next time if prices stay gouged on 2x*.

I've never seen low grade ply cost more than prefinished. $28 for 4x8 3/8inch yesterday, in a forest state with many mills. 5 years ago I could get the same round 10, and sanded

This post was edited by RedFromWinter on Mar 27 2021 05:37am

Looking to get my first investment property around the outskirts of Philly PA, planning to buy around end of the year with 20% down, 15 year loan. Open to advice If anyone’s familiar with the process.

Make sure you're stable enough that you can afford to pay the mortgage and bills even if the property goes totally vacant for the entirety of its mortgage.

Id reccomend dropping the few bucks in the long run to get a solid, vetted boilerplate rental agreement template. It will be well worth it especially if you forsee acquiring additional rental units.

I'd also have a standardized vetting process developed for potential tenants beforehand so nothings overlooked. This is especially pertinent given many of middle americas current financial position and the difficulties with evicting a delinquent tenant.

This post was edited by SBD on Mar 27 2021 12:02pm

Do tons of local research. If you can buy in an area that's on the upswing, or has other builds incoming you can ride that free boost. Forget the lingo for those special blocks ore neighborhooda.

This post was edited by RedFromWinter on Mar 28 2021 07:33am