And who do you imagine will buy these homes? Alphas struggling to save a down payment, or investment firms looking for more real estate to add to their portfolios?
> who do you imagine will buy these homes? Alphas struggling to save a down payment, or investment firms looking for more real estate to add to their portfolios?
Where do you think the investment firms get their money? Pensions. Pensions are the principal institutional investor's source of capital. As Boomers retire, pensions wind down. We're already starting to see them dump private equity [1].
