But everyone in this room knows that markets are made on the margin. So a 3% non economic buyer could be very different. In boom markets like Atlanta, South Carolina, Alabama, Texas, some of the larger aggregators might be buying up to 15 or 20% of the markets. And for those of you who are free market purists, it is not a free market because there is a tax arbitrage between investors buying housing who can depreciate the buildings and a residential buyer. (56:07–56:22)
CLAIM
Asserts that large aggregators may purchase up to 15-20% of housing markets in certain states.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
