Taylor Morrison's Berkshire Acquisition Includes Rental Housing Business

This title was summarized by AI from the post below.

Most people know Taylor Morrison as a homebuilder. What's buried in the Berkshire acquisition news from this week is they also run thousands of build-to-rent units through their Yardly brand. Berkshire is paying ~$8.5B for a homebuilder and a serious rental housing business. Zillow Research dropped today that adds a ton of context to why this deal makes even more sense. In Seattle, Austin, LA, and across the Bay Area, renting beats buying financially for somewhere between 17 to 30 years. These are some of the biggest, most in-demand rental markets in the country. The people living there aren't waiting to buy - a lot of them are just making the smarter financial call. Great insights throughout and the full research from our economic research team, linked here: https://lnkd.in/gEkrqFDn #RealEstate #HousingMarket #Rentals

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I still wonder what portion of renters are doing so by choice and actually have the resources for a reasonable down payment, vs. renting due to housing affordability and financing options.

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