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More small-time investors in US property market

While publicly traded companies are major players, most single-family rental homes are owned by such individuals

Published Wed, Aug 2, 2017 · 09:50 PM
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New York

AFTER Andrew Bahr, a structural engineer, lost a bidding war last fall for a two-bedroom apartment in Queens, he decided he was done trying to buy real estate in New York.

"I was tired of looking around me and seeing all the home prices shooting up and I'm not getting a piece of that pie," said Mr Bahr, 26, who was stunned when a buyer offered US$15,000 more than his US$345,000 bid on the apartment in Jackson Heights.

Rather than wait for another apar…

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