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Turning single-family rentals from a mom-and-pop business into a Wall Street operation sounds...

Turning single-family rentals from a mom-and-pop business into a Wall Street operation sounds like a good idea, but investor dollars say differently. Colony American Homes (CAHS, a spinoff of CLNY) postpones its IPO citing market conditions, reports the WSJ. The move comes amid the weak performance of recent IPOs American Residential Properties (ARPI) and Silver Bay Realty (SBY).
Comments (2)
  • Leftfield
    , contributor
    Comments (3758) | Send Message
     
    Securitized Wall Street products packaged from thousands of homes that downwardly mobile Americans used to own and now are expected to pay rents that need to be at profitable levels and rising for the investments to succeed, appears eerily similar to subprime mortgages packaged and peddled as AAA by Wall Street only a few years ago.....
    5 Jun 2013, 07:47 AM Reply Like
  • chopchop0
    , contributor
    Comments (3138) | Send Message
     
    Only difference is that investors own this asset from the beginning, not the subprime mortgage holders.
    5 Jun 2013, 08:12 AM Reply Like
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