{"id":16667,"date":"2013-02-19T01:12:10","date_gmt":"2013-02-19T09:12:10","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=16667"},"modified":"2013-02-19T01:12:10","modified_gmt":"2013-02-19T09:12:10","slug":"takes-5-million-dollars-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/02\/19\/takes-5-million-dollars-to-buy-a-home\/","title":{"rendered":"It Only Takes 5 Million Dollars To Buy A Home"},"content":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

{snip}<\/p>\n

In previous pieces on the real estate market, I have referenced how cash buyers and buyers with very high credit scores have provided the main buying power in the housing recovery. A Bloomberg article on February 4, 2013 crystallizes this point in high relief. It is aptly titled “JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages<\/a>.” {snip}<\/p>\n

In the article we learn that in mid-2012 J.P. Morgan (JPM) joined a crowded field of institutional and wealthy investors pooling funds together to invest in real estate… {snip}<\/p>\n


\n
\"Oaktree<\/a>
Oaktree Capital Group was recently trading at new all-time highs and has gained 45% since last year's lows<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

Morgan Stanley (MS) is facilitating homebuying by wealthy people in another way. The company offers high-net worth clients below market-rate mortgages backed by their portfolios. They advise their clients to directly purchase and rent out the homes themselves. {snip}<\/p>\n

David Lyon, a managing director and investment specialist at J.P. Morgan Private Bank, provides some good perspective on how long we might expect the best price gains of the housing recovery to last:<\/p>\n

{snip}<\/p>\n

The more important implication is that it appears that there is likely sufficient demand in the housing market from cash buyers and investors to at least keep the housing market stabilized for the next few years assuming the current rise in interest rates<\/a> remains modest. {snip}<\/p>\n

Be careful out there!<\/p>\n

This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: no position<\/p>\n","protected":false},"excerpt":{"rendered":"

This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. Click here to read the entire piece.) {snip} In previous pieces on the real estate market, I have referenced how cash buyers and buyers with very high credit scores have provided the main buying power in the housing … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[548,35],"tags":[1134,1135,1070,1071,1593,351,963,1138,1139,1137,1136,1140],"class_list":["post-16667","post","type-post","status-publish","format-standard","hentry","category-financials","category-housing","tag-blackstone-group-lp","tag-bx","tag-clgx","tag-corelogic-inc","tag-housing","tag-jpm","tag-jpmorgan-chase","tag-morgan-stanley","tag-ms","tag-oak","tag-oaktree-capital-group-llc","tag-reit"],"yoast_head":"\nIt Only Takes 5 Million Dollars To Buy A Home - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/02\/19\/takes-5-million-dollars-to-buy-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It Only Takes 5 Million Dollars To Buy A Home - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"This is an excerpt from an article I originally published on Seeking Alpha on February 5, 2013. 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