Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones. BY ELENA BOTELLA JUNE 19, 20215:45 AM Five small red toy houses lined up on a wooden counter. Site of the next bidding war Tierra Mallorca/Unsplash TWEET SHARE COMMENT The median price of an American house has increased by 28 percent over the last two years, as pandemic-driven demand and long-term demographic changes send buyers into crazed bidding wars.
Might the fact that corporate investors snapped up 15 percent of U.S. homes for sale in the first quarter of this year have something to do with it? The Wall Street Journal reported in April that an investment firm won a bidding war to purchase an entire neighborhood worth of single-family homes in Conroe, Texas—part of a cycle of stories drumming up panic over Wall Street’s increasing stake in residential real estate. Then came the backlash, as cool-headed analysts reassured us that big investors like BlackRock remain insignificant players in the housing market compared with regular old American families.
ADVERTISEMENT
The truth is between the two: We can panic and acknowledge Wall Street’s small role at the same time. Although the number of houses being purchased by mega-investors is currently not enough to move the market in most parts of the country, these firms’ underlying structural advantage is profound and growing.
Let’s focus on Invitation Homes, a $21 billion publicly traded company that was spun off from Blackstone, the world’s largest private equity company, in 2017. Invitation Homes operates in 16 cities, with the biggest concentration in Atlanta, where it owns 12,556 houses. (Though that’s not much compared with the 80,000 homes sold in Atlanta each year, Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.) While normal people typically pay a mortgage interest rate between 2 percent and 4 percent these days, Invitation Homes can borrow money for far less: It’s getting billion-dollar loans at interest rates around 1.4 percent. In practice, this means that Invitation Homes can afford to tack on an extra $5,000 to $20,000 to the purchase price of every home, while getting the house at the same actual cost as a typical homeowner. While Invitation Homes uses a mixture of debt and cash from renters to buy houses, its offers are almost always all cash, which is a big leg up in a competitive market.
One way to think about Invitation Homes’ business strategy is to consider the value of the properties the firm is buying, relative to the rents they charge. According to a recent SEC disclosure, Invitation Homes’ portfolio of homes is worth of total of $16 billion (after renovations), and the company collects about $1.9 billion in rent per year. That means it takes only about eight years of rental payments to pay back a typical house that Invitation Homes has bought. The usual rule of thumb for evaluating a fair sale price, says Kundan Kishor, professor of economics at University of Wisconsin-Milwaukee, “is that price to rent ratios are around 20 to 1.” When price-to-rent ratios are very high, it makes more sense for consumers to rent than to buy, and when they are low, it makes more sense to buy than to rent. That Invitation Homes is getting deals twice as good as a typical homebuyer shows that it’s not just buying any homes: It’s buying the specific houses with the greatest potential to be wealth-building for the middle class.
It’s not exactly accurate that investors are “buying every single-family house they can find,” as some have suggested. If that were true, their market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy boomers and the nation’s finance and tech bros nab those properties. And they’re also ignoring cities with stable or shrinking populations, like Providence and Pittsburgh.
ADVERTISEMENT
But investors are depleting the inventory of the precise houses that might otherwise be obtainable for younger, working- and middle-class households, in the cities where those workers can easily find good-paying jobs, like Atlanta (22 percent of home purchases according to Redfin data), Charlotte (22 percent), and Phoenix (20 percent). More importantly, they’re able to scour those markets scientifically and systematically to make cash offers on the most attractively priced properties. While normal people buy houses when they actually need to move somewhere, (savvy) investors buy houses several years before a bunch of people need to move to an area. Whether they’re tracking where major employers are building new offices or looking at public school enrollment data, being ahead of the market gives big firms a big leg up.
And in case you were assuming that converting houses to rentals would flood the market and bring down rents, don’t get your hopes up: As Invitation Homes tells its investors, “We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential.”
While renting might make sense for some people, especially people who move a lot, it often sucks, particularly in the United States, where we don’t have especially strong protections for tenants. The business strategy of the country’s biggest landlords, Invitation Homes and American Homes 4 Rent, does not seem to be, “Make renting with us so delightful that if my tenants have to move cities, they’ll specifically seek out another property owned by our company.” Based on reports from Reuters, the New York Times, and the Atlantic, it appears to be closer to “Squeeze our tenants for every penny, avoid making repairs, let black mold and raw sewage accumulate, and count on the fact that moving is a huge, expensive hassle.”
Our current system of encouraging homeownership is by no means perfect, and it places a lot of unnecessary risk onto the “balance sheets” of the middle class, but it’s worked out financially for most of the people who have been lucky enough to own a home. The implicit and explicit subsidies the government has given to Americans buying their first homes have been the biggest handout the American middle class has ever received (a handout notably denied to Black Americans for much of the 20th century, one explanation for the current size of the racial wealth gap).
Laurie Goodman, vice president of housing finance policy at the Urban Institute, points out that policymakers could take steps to level the playing field between investors and the rest of us. She told me that buyers who need to borrow money using Federal Housing Administration loans, or those who need a rehab loan for a fixer-upper, have a particularly tough time competing against Wall Street firms. FHA paperwork often gets delayed, slowing down the purchase process, so home sellers often don’t want to sell to FHA buyers, even if their bids are competitive. That’s a solvable problem. And loans for properties that need renovations, Goodman says, are both cumbersome and expensive. Rethinking the processes for FHA and rehab loans could, “put individuals on a more equal footing,” she explained.
ADVERTISEMENT
POPULAR IN SLATE Watch Man Confront Tucker Carlson in Montana: “You Are the Worst Human Being” What Vaccinated People Should Really Know About the Delta Variant’s Threat to Them Stop Insulting Trump Voters and Their Concerns. Instead, Shut Up and Take It. My Husband Has Been Financially Abusive for Years. Now the Tables Are Turning. If you don’t want all of America’s land and housing to end up in the portfolios of the 1 percent, there’s ultimately one very simple solution: Tax the rich. After all, the companies buying the houses are ultimately owned by people (or in some cases, universities and churches, which are their own cans of tax-advantaged rich-people worms). At the same time that the working-class is going hungry, rich people are doing so outstandingly well that they are running out of easy places to park their cash, which is why they’re buying 2,000 square-foot houses in the Phoenix suburbs via their ownership stakes in these funds.
This is all part of a long-standing trend: As inequality in the United States increases, the financial elite invests less in the types of things that could create jobs, like R&D or new factories, and more into directly extracting wealth from the working class. One way to do that? Becoming their landlords.
Institutional ownership remains a very small part of the overall market – just 200,000 homes, or 0.2 percent of the more than 90 million single-family units in the U.S.
Snapshot of SFR Market The single-family rental industry has been the fastest-growing segment of the housing market since 2006, when NRHC members and other investors saw an opportunity to professionalize the existing market. The industry has grown 30 percent since 2007, compared with 15 percent for multifamily rentals during that same period.
Our members are largely no longer buying homes and are instead focusing on optimizing their business models and using new technologies to improve the renter experience.
Consolidation is also continuing to reshape the industry in exciting ways, as owner-operators of all sizes gain insights about their markets and refine best practices of operating at scale.
Institutional ownership remains a very small part of the overall market – just 200,000 homes, or 0.2 percent of the more than 90 million single-family units in the U.S. Similarly, NRHC members comprise just 2 percent of the 16-million-home market. 【 在 smallburrito (smallburrito) 的大作中提到: 】 : Institutional ownership remains a very small part of the overall market – : just 200,000 homes, or 0.2 percent of the more than 90 million single- family : units in the U.S.
前一阵动不动就现金全款买房，非常妖孽！
美国人吃喝惯了，能有几个能现金买房？都他妈的华尔街炒房团
在兴风作浪。
Black Rock炒房团， Zillow炒房团， Redfin炒房团，还有一堆
炒房团。都是在Fed鸡血政策加持下，疯狂炒房而已。
这帮子人，用2%的利率卖债券筹钱（Fed可能直接买他们的债券给他们输血），
拿到钱就到市场上去全款买房，爆炒房价，拉高了之后，赚得盆满钵满。
等着买房结婚生子的新一代美国人，就被搞成国内的房奴一样了，其实美国人的
生育率也已经跌得稀里哗啦了。再这么炒下去，美国人的人口完蛋起来也是很快的。
现在已经炒得很高了，炒房团估计准备要退场了，不要轻易接他们的盘啊。
让他们当房东，等着通胀起来，利息不得不升，就变成他们前面两面抽别人，
后面别人要前后夹击操炒房团了。
等着看好戏吧，快了。
Black Rock只是买了几个APT而已
涨得都是SFH
zillow 现金买single family house， 不是新鲜事。
他们一边炒房子，一边发布房市暴涨的分析数据，一边喊多，
普通人很容易被他们操纵的。
当然，最核心的是Fed常年压低利息，操纵CPI数据，
大量印钱，给他们降低融资成本打鸡血。
房地产要是崩盘，zillow， redfin这些公司搞不好要破产。
【 在 smallburrito (smallburrito) 的大作中提到: 】
: Black Rock只是买了几个APT而已
他们只是买些老破房，南加不会有人把房子卖给ZILLOW
一百万的房子，他们出价50万，ZILLOW现在还是赔钱做的
【 在 awaydream (昆仑天下) 的大作中提到: 】
: zillow 现金买single family house， 不是新鲜事。
不光zillow一家，很多人都在炒。
普通美国人有几个能现金全款买房？ 看看那现金买房的比例，
没有妖孽才奇了怪了。
【 在 smallburrito (smallburrito) 的大作中提到: 】
: 他们只是买些老破房，南加不会有人把房子卖给ZILLOW
: 一百万的房子，他们出价50万，ZILLOW现在还是赔钱做的
youtube上有人分析这个华尔街炒房团的故事，大体是正确的，
但是他显然对人口形势不熟悉。
美帝的人口形势在2007年之后，连年恶化，出生率连年暴跌，
贫富差距连年扩大都不是偶然的，Fed是难以推脱责任的。
再这么印下去，底层人很快就要造反了。
今天的美国，top 1%的人口的财富是， 后50%财富综合的 18倍。
看看美国怎么继续玩吧
人口下降是趋势
只有非洲这种希特后地区 人口才会增长
因为人均寿命的起点非常低。
我这是华人双职工疯狂买投资方，一年一口气买2-3个那种。据说是用现金买的，把自
住房refinance,借几十万出来，据说便宜的投资房是需要用现金才能抢到。
INVESTMENT的利率不低的，我想REFI都很难，没有那么疯狂
我这买房的全都是自住的。
【 在 yonghehong (yonghehong) 的大作中提到: 】
: 我这是华人双职工疯狂买投资方，一年一口气买2-3个那种。据说是用现金买的，把自
: 住房refinance,借几十万出来，据说便宜的投资房是需要用现金才能抢到。
Invitation Homes一家就买了亚特兰大年交易量的22%，
他的资金成本只有1.4%。 不是炒房团做妖，才奇怪了。
还有其他的炒房团，牛逼， 美国政府发给普通人的救济款，
全被炒房团撸走了，够狠。
Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.
BY ELENA BOTELLA
JUNE 19, 20215:45 AM
https://slate.com/business/2021/06/blackrock-invitation-houses-investment-
firms-real-estate.html
Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.
BY ELENA BOTELLA
JUNE 19, 20215:45 AM
Five small red toy houses lined up on a wooden counter.
Site of the next bidding war Tierra Mallorca/Unsplash
TWEET
SHARE
COMMENT
The median price of an American house has increased by 28 percent over the
last two years, as pandemic-driven demand and long-term demographic changes send buyers into crazed bidding wars.
Might the fact that corporate investors snapped up 15 percent of U.S. homes for sale in the first quarter of this year have something to do with it? The Wall Street Journal reported in April that an investment firm won a bidding war to purchase an entire neighborhood worth of single-family homes in
Conroe, Texas—part of a cycle of stories drumming up panic over Wall Street’s increasing stake in residential real estate. Then came the backlash, as cool-headed analysts reassured us that big investors like BlackRock remain
insignificant players in the housing market compared with regular old
American families.
ADVERTISEMENT
The truth is between the two: We can panic and acknowledge Wall Street’s
small role at the same time. Although the number of houses being purchased
by mega-investors is currently not enough to move the market in most parts
of the country, these firms’ underlying structural advantage is profound
and growing.
Let’s focus on Invitation Homes, a $21 billion publicly traded company that was spun off from Blackstone, the world’s largest private equity company, in 2017. Invitation Homes operates in 16 cities, with the biggest
concentration in Atlanta, where it owns 12,556 houses. (Though that’s not
much compared with the 80,000 homes sold in Atlanta each year, Invitation
Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta
in the early 2010s.) While normal people typically pay a mortgage interest
rate between 2 percent and 4 percent these days, Invitation Homes can borrow money for far less: It’s getting billion-dollar loans at interest rates
around 1.4 percent. In practice, this means that Invitation Homes can afford to tack on an extra $5,000 to $20,000 to the purchase price of every home, while getting the house at the same actual cost as a typical homeowner.
While Invitation Homes uses a mixture of debt and cash from renters to buy
houses, its offers are almost always all cash, which is a big leg up in a
competitive market.
One way to think about Invitation Homes’ business strategy is to consider
the value of the properties the firm is buying, relative to the rents they
charge. According to a recent SEC disclosure, Invitation Homes’ portfolio
of homes is worth of total of $16 billion (after renovations), and the
company collects about $1.9 billion in rent per year. That means it takes
only about eight years of rental payments to pay back a typical house that
Invitation Homes has bought. The usual rule of thumb for evaluating a fair
sale price, says Kundan Kishor, professor of economics at University of
Wisconsin-Milwaukee, “is that price to rent ratios are around 20 to 1.”
When price-to-rent ratios are very high, it makes more sense for consumers
to rent than to buy, and when they are low, it makes more sense to buy than to rent. That Invitation Homes is getting deals twice as good as a typical
homebuyer shows that it’s not just buying any homes: It’s buying the
specific houses with the greatest potential to be wealth-building for the
middle class.
It’s not exactly accurate that investors are “buying every single-family
house they can find,” as some have suggested. If that were true, their
market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy
boomers and the nation’s finance and tech bros nab those properties. And
they’re also ignoring cities with stable or shrinking populations, like
Providence and Pittsburgh.
ADVERTISEMENT
But investors are depleting the inventory of the precise houses that might
otherwise be obtainable for younger, working- and middle-class households,
in the cities where those workers can easily find good-paying jobs, like
Atlanta (22 percent of home purchases according to Redfin data), Charlotte (22 percent), and Phoenix (20 percent). More importantly, they’re able to
scour those markets scientifically and systematically to make cash offers on the most attractively priced properties. While normal people buy houses
when they actually need to move somewhere, (savvy) investors buy houses
several years before a bunch of people need to move to an area. Whether they’re tracking where major employers are building new offices or looking at
public school enrollment data, being ahead of the market gives big firms a
big leg up.
And in case you were assuming that converting houses to rentals would flood the market and bring down rents, don’t get your hopes up: As Invitation
Homes tells its investors, “We operate in markets with strong demand
drivers, high barriers to entry, and high rent growth potential.”
While renting might make sense for some people, especially people who move a lot, it often sucks, particularly in the United States, where we don’t
have especially strong protections for tenants. The business strategy of the country’s biggest landlords, Invitation Homes and American Homes 4 Rent,
does not seem to be, “Make renting with us so delightful that if my tenants have to move cities, they’ll specifically seek out another property owned by our company.” Based on reports from Reuters, the New York Times, and the Atlantic, it appears to be closer to “Squeeze our tenants for every penny, avoid making repairs, let black mold and raw sewage accumulate, and count
on the fact that moving is a huge, expensive hassle.”
Our current system of encouraging homeownership is by no means perfect, and it places a lot of unnecessary risk onto the “balance sheets” of the
middle class, but it’s worked out financially for most of the people who
have been lucky enough to own a home. The implicit and explicit subsidies
the government has given to Americans buying their first homes have been the biggest handout the American middle class has ever received (a handout
notably denied to Black Americans for much of the 20th century, one
explanation for the current size of the racial wealth gap).
Laurie Goodman, vice president of housing finance policy at the Urban
Institute, points out that policymakers could take steps to level the
playing field between investors and the rest of us. She told me that buyers who need to borrow money using Federal Housing Administration loans, or
those who need a rehab loan for a fixer-upper, have a particularly tough
time competing against Wall Street firms. FHA paperwork often gets delayed, slowing down the purchase process, so home sellers often don’t want to sell to FHA buyers, even if their bids are competitive. That’s a solvable
problem. And loans for properties that need renovations, Goodman says, are
both cumbersome and expensive. Rethinking the processes for FHA and rehab
loans could, “put individuals on a more equal footing,” she explained.
ADVERTISEMENT
POPULAR IN SLATE
Watch Man Confront Tucker Carlson in Montana: “You Are the Worst Human
Being”
What Vaccinated People Should Really Know About the Delta Variant’s Threat to Them
Stop Insulting Trump Voters and Their Concerns. Instead, Shut Up and Take It.
My Husband Has Been Financially Abusive for Years. Now the Tables Are
Turning.
If you don’t want all of America’s land and housing to end up in the
portfolios of the 1 percent, there’s ultimately one very simple solution:
Tax the rich. After all, the companies buying the houses are ultimately
owned by people (or in some cases, universities and churches, which are
their own cans of tax-advantaged rich-people worms). At the same time that
the working-class is going hungry, rich people are doing so outstandingly
well that they are running out of easy places to park their cash, which is
why they’re buying 2,000 square-foot houses in the Phoenix suburbs via
their ownership stakes in these funds.
This is all part of a long-standing trend: As inequality in the United
States increases, the financial elite invests less in the types of things
that could create jobs, like R&D or new factories, and more into directly
extracting wealth from the working class. One way to do that? Becoming their landlords.
据说是把自住房refinance, 让自己欠银行更多钱，把差价拿出来买投资方，据说利率
就是自住房利率，没有高。 我不懂，不知道到底怎么操作
【 在 smallburrito (smallburrito) 的大作中提到: 】
: INVESTMENT的利率不低的，我想REFI都很难，没有那么疯狂
: 我这买房的全都是自住的。
应该是自住房反向抵押贷款，就是拿自己的房子做抵押，
向银行借钱，借到的钱再去加杠杆投资新的房子。
一旦要是经济形势反转，房市下滑，这种杠杆可以把他搞破产的。
杠杆是风险和利润倍增器， 一旦上升，加倍赚钱；一旦下滑，
很快腰斩膝盖斩。房子已经涨了十多年了，这个时候再上倍增器，
我看，他们是好日子过腻歪了。
【 在 yonghehong (yonghehong) 的大作中提到: 】
: 据说是把自住房refinance, 让自己欠银行更多钱，把差价拿出来买投资方，据说利率
: 就是自住房利率，没有高。 我不懂，不知道到底怎么操作
最恶心当然是Redfin,不管是什么区房子，什么破房，都给你标上Hot. 在气势上就给你造成不抢房，下手晚了，好处就给人了。 Realtor 写的也很恶心，说啥multiple
offer 收到，你们赶紧加钱，收best offer. 还有的说几点之前必须下offer. 火上加油
zillow 给很高的估价,也愿用这房价收购!
但要收很多费用(包括修理费),我估计10~20%的房价
【 在 awaydream (昆仑天下) 的大作中提到: 】
: zillow 现金买single family house， 不是新鲜事。
: 他们一边炒房子，一边发布房市暴涨的分析数据，一边喊多，
: 普通人很容易被他们操纵的。
: 当然，最核心的是Fed常年压低利息，操纵CPI数据，
: 大量印钱，给他们降低融资成本打鸡血。
: 房地产要是崩盘，zillow， redfin这些公司搞不好要破产。
Institutional ownership remains a very small part of the overall market –
just 200,000 homes, or 0.2 percent of the more than 90 million single-family units in the U.S.
你的数字是从这里来的，感觉不准。
invitationhouse 一家在亚特拉大就有1.3万房子，
还有很多其他的机构， 不知道这个20万是怎么了的
Snapshot of SFR Market
The single-family rental industry has been the fastest-growing segment of
the housing market since 2006, when NRHC members and other investors saw an opportunity to professionalize the existing market. The industry has grown
30 percent since 2007, compared with 15 percent for multifamily rentals
during that same period.
Our members are largely no longer buying homes and are instead focusing on
optimizing their business models and using new technologies to improve the
renter experience.
Consolidation is also continuing to reshape the industry in exciting ways,
as owner-operators of all sizes gain insights about their markets and refine best practices of operating at scale.
Institutional ownership remains a very small part of the overall market –
just 200,000 homes, or 0.2 percent of the more than 90 million single-family units in the U.S. Similarly, NRHC members comprise just 2 percent of the 16-million-home market.
【 在 smallburrito (smallburrito) 的大作中提到: 】
: Institutional ownership remains a very small part of the overall market –
: just 200,000 homes, or 0.2 percent of the more than 90 million single-
family
: units in the U.S.
BLK炒房团据说加价百分之二三十疯狂拿房？以后美国中产也得倡导租房了。。。
就是要让以后大多数人只能租房
韭菜月月都可以割 好日无边
【 在 acrofred (XXXXX) 的大作中提到: 】
: BLK炒房团据说加价百分之二三十疯狂拿房？以后美国中产也得倡导租房了。。。
美国人口不会有问题的，大量南美年轻人涌入，我家还缺一个五块钱/h的gardener 98
不要小看炒房团的厉害，要顺势而为。
买地做trailer house吧。
【 在 stobit (stobit) 的大作中提到: 】
: 就是要让以后大多数人只能租房
: 韭菜月月都可以割 好日无边
不几把买了，就这么简单
拉上天也跟咱没关系
要是房租再涨上天日子不好过了
卷铺走人，此地不留爷自有留爷处
一定要从心里牛逼，不在乎
你才有真正的自由
就一个逼养房子，别那么当回事
国内的人不懂美国的房子，维护起来要操很多心的，
机构买了不住都空置在哪里，房子就长MOLD发水腐烂
各种各样的问题，一百万的房子买了放两年，就只值
50万了
我去年到今年就买了8套single family houses投资房。美国人有钱买投资房的多得是
，华尔街买的房子也占不到太高比例
房子疯了。
10年前说北加1米粒小黑屋子。
现在南加州森迪狗学区不好的地方，2B2B Apt都快50万了。较差学区也快米粒小黑屋了。
【 在 awaydream (昆仑天下) 的大作中提到: 】
: 不光zillow一家，很多人都在炒。
: 普通美国人有几个能现金全款买房？ 看看那现金买房的比例，
: 没有妖孽才奇了怪了。
cash-out refinance.
利率高，利息不抵税。2.5%实际相当于5%税前利率，不过和通胀比，都是赚的。
【 在 yonghehong (yonghehong) 的大作中提到: 】
: 据说是把自住房refinance, 让自己欠银行更多钱，把差价拿出来买投资方，据说利率
: 就是自住房利率，没有高。 我不懂，不知道到底怎么操作
瞎逼逼。房子水闸一关。谁都没有，涨狗屁的霉。
【 在 smallburrito (smallburrito) 的大作中提到: 】
: 国内的人不懂美国的房子，维护起来要操很多心的，
: 机构买了不住都空置在哪里，房子就长MOLD发水腐烂
: 各种各样的问题，一百万的房子买了放两年，就只值
: 50万了
SD好学区2M以上了
【 在 xinfo (flowing) 的大作中提到: 】
: 房子疯了。
: 10年前说北加1米粒小黑屋子。
: 现在南加州森迪狗学区不好的地方，2B2B Apt都快50万了。较差学区也快米粒小黑屋了。
房子不住，不是被homeless入侵，就是被动物入侵，被砸窗子，拆铜管也是常事。
【 在 xinfo (flowing) 的大作中提到: 】
: 瞎逼逼。房子水闸一关。谁都没有，涨狗屁的霉。
美国木头房子是不能长期空关着，问题多多。
不过出租一般情况没问题的，我的租客到现在还没有赖过房租。
【 在 lsheng (lsheng) 的大作中提到: 】
: 房子不住，不是被homeless入侵，就是被动物入侵，被砸窗子，拆铜管也是常事。
邻居的房子DRIVEWAY进水管子漏水，要不是我给市里打电话来给关了，
估计房子就被泡了，房子四周已经长满了霉，这可是阳光明媚的南加要
【 在 xinfo (flowing) 的大作中提到: 】
: 瞎逼逼。房子水闸一关。谁都没有，涨狗屁的霉。
好一点的区，哪里有这么恐怖？
被动物入侵，靠近山谷的好房子，找个gardener每个月去修修剪剪顺便看一下，一年
1000刀足够了。
底特律烂区，那是自然。
【 在 lsheng (lsheng) 的大作中提到: 】
: 房子不住，不是被homeless入侵，就是被动物入侵，被砸窗子，拆铜管也是常事。
房子长期不住人，一样需要开空调。否则温度变化太大，热胀冷缩，墙壁容易出问题。另外不住人空关着，好区房地产税都上万的。哪是一年一千就可以搞定的？
美国住宅区的小动物，不少的，好比松鼠，土拨鼠，野兔，都可能在空房子附近搞破坏。
【 在 xinfo (flowing) 的大作中提到:
: 好一点的区，哪里有这么恐怖？
: 被动物入侵，靠近山谷的好房子，找个gardener每个月去修修剪剪顺便看一下，一年: 1000刀足够了。
: 底特律烂区，那是自然。
1年1千$指的是找个gardener帮你维护的额外费用,不是指房产税+HOA fee。
华人聚集的加州沿海城市，住人的的话，房子基本上不需要开空调。stucco这种开点裂缝没多大关系。
【 在 Icanfly888 (流氓大亨) 的大作中提到: 】
: 房子长期不住人，一样需要开空调。否则温度变化太大，热胀冷缩，墙壁容易出问题。
: 另外不住人空关着，好区房地产税都上万的。哪是一年一千就可以搞定的？
: 美国住宅区的小动物，不少的，好比松鼠，土拨鼠，野兔，都可能在空房子附近搞破坏。
扯蛋，我都住着人，纱窗纱门，经常在家里发现虫子蜘蛛啥的，一次居然发现壁虎，也不知道怎么进来的，你要半年不住房子就被虫子占了
【 在 xinfo (flowing) 的大作中提到: 】
: 好一点的区，哪里有这么恐怖？
: 被动物入侵，靠近山谷的好房子，找个gardener每个月去修修剪剪顺便看一下，一年: 1000刀足够了。
: 底特律烂区，那是自然。