We had a body like that down in Tas called “Housing Tasmania”. Then the stupid government decided to sell off most of its housing stock and now we’re left with a years long waiting list for those who need housing while they scramble to build more stock.
They used to own and manage houses. It was focused towards providing housing for the most needy and I think it worked quite well for its stated purpose. I mean there was always a bunch of news stories about people trashing those houses but those people would’ve trashed any house they rented. At least Housing Tas had a team of maintenance personnel that could fix it back up.
It would actually work better for most investors to have something that worked like this, but which pooled resources to buy multiple homes instead of one owner for a whole house. A single house is not great as your only/main investment - it can’t be sold quickly and you can only sell the whole lot, so if you need to sell at a bad time you lose, and you can’t easily free up a part of your capital. Either a housing investment fund you can buy shares in, or buying shares of a single house (like people do with racehorses) would be a better investment choice for most people.
There are already tons of ETFs that specifically invest in real estate both commercial and residential. I personally recommend anyone who wants to get into real estate investment to buy into those ETFs instead. That way they make all the trials and tribulations of landlording Someone Else’s Problem. I have yet to have anyone follow my advice because “I can make a better return without a middleman.”
deleted by creator
We had a body like that down in Tas called “Housing Tasmania”. Then the stupid government decided to sell off most of its housing stock and now we’re left with a years long waiting list for those who need housing while they scramble to build more stock.
deleted by creator
They used to own and manage houses. It was focused towards providing housing for the most needy and I think it worked quite well for its stated purpose. I mean there was always a bunch of news stories about people trashing those houses but those people would’ve trashed any house they rented. At least Housing Tas had a team of maintenance personnel that could fix it back up.
deleted by creator
It would actually work better for most investors to have something that worked like this, but which pooled resources to buy multiple homes instead of one owner for a whole house. A single house is not great as your only/main investment - it can’t be sold quickly and you can only sell the whole lot, so if you need to sell at a bad time you lose, and you can’t easily free up a part of your capital. Either a housing investment fund you can buy shares in, or buying shares of a single house (like people do with racehorses) would be a better investment choice for most people.
deleted by creator
There are already tons of ETFs that specifically invest in real estate both commercial and residential. I personally recommend anyone who wants to get into real estate investment to buy into those ETFs instead. That way they make all the trials and tribulations of landlording Someone Else’s Problem. I have yet to have anyone follow my advice because “I can make a better return without a middleman.”