ALJAZAM Fault Lines January 21, 2015
Competition has gotten steep. Sold whats the name of your company . Were private. But the recovery isnt quite what it seems. Housing recoveries are typically led by buyers. And those buyers historically were typically homeowners. People who intended to purchase and live in the home. They werent investors and it wasnt second homes. I dont want to be on camera but in 2011 2012 you started seeing firms that were backed by some of the larger private equity firms beginning to get into the market. Who came in and bought houses by the block basically. Weve been trying to talk to some of the investors...