So…I keep looking around, and the numbers just don't add up to me. Like, I can't tell if a bunch of people are just buying in and forcing themselves to deal with insane prices…or my theory, which is that there's houses being kept unoccupied or partly occupied for sake of causing an artificial shortage.
When you look at census.gov data for vacancies and such…it's just occupied and not occupied. But…it's not up to date enough, and it doesn't make sense for places like Charlotte where you're seeing a 30% business acquired rate some months to just…flip it within the same month.
So…what I wanted to propose was looking at individual land bank websites (maybe using one s an example) and figuring out who owns it and what firms are behind the acquisitions, how many private ones, shells, LLCs/SMBs, and figure out a better way to apply pressure?
If you guys can think of a better sub for this sure, but this was the best I could think of so far.