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Subject:
Income Property Market Size
Category: Business and Money > Economics Asked by: curly600-ga List Price: $20.00 |
Posted:
23 May 2003 22:11 PDT
Expires: 22 Jun 2003 22:11 PDT Question ID: 207985 |
How many income producing real estate properties (single family and multi-family units) are listed for sale at any given time in the USA? ... in the world? |
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There is no answer at this time. |
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Subject:
Re: Income Property Market Size
From: neilzero-ga on 24 May 2003 04:53 PDT |
I will guess 100,000 in the USA/ Five million world wide. The market is actually larger but often income producing is neither mentioned nor inferred in listed for sale anouncements. Getting an accurate number is unlikely as several anouncements of the same property are typical in the months/years preceding actual sale, and professional realtors often are not involved until a buyer has been located by the seller. Typically the closing documents do not state (or infer)income producing. Often income producing is an option chosen by the buyer but not the seller. Fairly often the new buyer occupies the dwelling, even though the previous owner used it as income property. USA laws, beauracratic decisions and court decisions (regarding delinquent tenants) have resulted in large losses to the owners of income producing property, so rent and lease amounts are up to double what a person would pay in mortgage payments if they bought an equivalent property. The USA (and most other countries) market may not be shrinking as the number of Americans with very bad credit is still increasing. Neil |
Subject:
Re: Income Property Market Size
From: curly600-ga on 05 Jun 2003 20:38 PDT |
Neil, Thanks for the input. I was hoping for more hard data, but your dialogue was both generous and helpful. Thanks. |
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