Not long ago having no pure-plays on the single-family rental business, investors now have two....


Not long ago having no pure-plays on the single-family rental business, investors now have two. Spun off from Altisource Portfolio Solutions (ASPS) is Altisource Residential (RESI), +17% in a month. Spun off at the same time from Two Harbors (TWO), Silver Bay (SBY), +16% in a month. Both will presumably announce initial dividends soon.

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Comments (3)
  • Stone Fox Capital
    , contributor
    Comments (9654) | Send Message
     
    Seriously doubt that. My original analysis suggested that SBY won't be profitable for a while since it takes up to 6 months to rent out a purchased house.
    18 Jan 2013, 03:36 PM Reply Like
  • Russ Winter
    , contributor
    Comments (690) | Send Message
     
    The 4 or 5% cap rates on renting to poor people in depressed cities is completely inadequate. The U.S. economy has become neofeudal debt-serf wasteland with few opportunities for organic (non-Central Planning) expansion.

     

    http://seekingalpha.co...
    19 Jan 2013, 10:43 AM Reply Like
  • Tack
    , contributor
    Comments (16267) | Send Message
     
    The rental plays are being spun off, now, precisely because the rental-play mania is long of tooth, already, as the rent-vs-own cost curves are crossing over, making home purchasing the cheaper option, once again. It's the age-old buy low, sell high.
    19 Jan 2013, 10:52 AM Reply Like
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