Wall Street Just Started Dumping Houses They Bought in 2021!

Starwood Capital Group just announced that they are exploring the sale of some 2,000 houses that they purchased at the peak of the mania in 2021 that saw big Wall Street investment firms buying up single family homes at all time high prices. It turns out those trades were a bust and now these firms are bleeding cash and looking to unwind those trades provided a (small) glimmer of hope for millennials and first time home buyers who thought the dream of home ownership had been stolen from them.

Chapters
0:00 Intro
0:31 Two Thousand Houses Hit The Market
1:47 An $80 Million Impairment
3:04 Starwood Froze Withdrawals
4:13 Barry Sternlicht's Call on Rent and CPI
6:47 An Illiquid Housing Market
8:21 It's Still Cheaper to Rent
9:30 A Light at the End of The Tunnel

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