How Investors DESTROYED the Housing Market

Discover how real estate investors played a major role in the destruction of the housing market, leading to sky-high prices and housing shortages. This eye-opening video uncovers the truth about how this happened and why it will continue to impact of all aspects of the housing market. Don't miss out on this important information!
Charles Lewis is a REALTOR® in the Austin area and helps people buy and sell houses all over the Austin metro area. Schedule a no-obligation phone call to find out how he can help you accomplish your real estate goals: bit.ly/ATXPhone
Charles Lewis
Keller Williams Realty
call/text: [phone]
email: [e-mail]
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HOW TO HIRE THE RIGHT AGENT
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READ THIS IF YOU’RE SELLING YOUR HOME
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READ THIS IF YOU’RE BUYING A HOME
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[@jeffpiatt3879]

One of the issues that both Blackstone and small investors have encountered, in places like Austin that have progressive government/District Attorneys is that it usually takes MONTHS to get a bad resident off of your property. "Bad" being defined by "doesn't pay rent or damages the property- or menaces the other residents through noise or violence." Judges in places like Austin won't let you evict people per the residential agreement, if the resident files a complaint. If the bad resident files a complaint, the judge will often let them stay another month, and another, and another. All at the cost of the investor. Especially true after COVID. The investor loses the rent money over that timespan.

[@SFSCharles]

That’s a good point. Thanks for sharing. I think they need to be more concerned with what Gov Abbott might do. Love him or hate him, he has a way of shaking things up once he sets his aim on something. Institutional investors are one of his most current targets.

[@jasatx2024]

San Antonio is trending the same way as Austin, a lot of new apartments available, the local economy seems slowing down, jobs are scarce and wages low that is going to push rentals down. Investors will be hit here for sure!

[@SFSCharles]

Thank you for sharing your insights on the current situation in San Antonio.