Inflation here? gas/grocery prices just continue to climb
Millions of people lost their homes to foreclosure during the 2008 financial crisis, as small-time homeowners suffered the costs of years of predatory mortgage lending by big banks. Many of those homes were bought up by investors — the first time so-called mega-investors had ever entered the single-family home market. Over the next decade, Wall Street interests would buy hundreds of thousands of homes, contributing to the rapid growth of single-family rentals owned by corporate landlords.
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The trend accelerated during the COVID-19 pandemic when low interest rates and rising real estate prices spurred investors to expand their portfolios. By 2022, investors accounted for nearly 30 percent of sales of single-family homes, up from an average of 16 percent just three years earlier. In some cities, institutional investors account for a far higher share of single-family homes.
I don't have the article to reference, but I read something recently that laid out what you are saying here. There's a huge push nationwide that has investors picking up every spare home on the market which drives prices up. Pretty soon, the American dream of owning a home will be out of the grasp of many Americans.....even those with decent jobs.