Just finished reading a transcript of a Silver Bay discussion at the JPM Securities Financial Services and Real Estate Conference.
Here is one interesting quote
"But again, the institutional ownership that you read about in the papers is still very small, perhaps a 100,000, maybe 150,000 homes have been purchased over the past three, four years, and that's just tiny in comparison to the overall markets. So, we see a great deal of growth opportunity and consolidation going forward."
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