31: Wall Street: Huge Threat or Harmless Hedge Funds? w/John Burns
On The Market
00:00
The Buy Box Is Not Working for the Big Institutional Buyers
The buy box is not working for the big institutions. Even with one of the biggest institutions in the country being headquartered in Austin, I think those 100 plus are only buying 1% of the homes in Austin. And actually Dave and Denver, it's one of the least markets where they do the least. So Denver and Austin? Really? Because maybe it's just too unaffordable at that point? Well, for whatever, like Austin, it's all mom and pop. It's all burs. The small institutional buyer is 3%. If they own 100 or more nationally, they're 3. That's the large private equity firm. Is that you too? No, sir. He's
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