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“Investors” aka speculators are pouring into the market and gobbling up what little supply exists. They are trying to monopolize and destroy the secondary housi
by mberning 6y ago
“Investors” aka speculators are pouring into the market and gobbling up what little supply exists. They are trying to monopolize and destroy the secondary housing market in a similar way to how carvana, vroom, carmax, and others have taken over the used car market and are now demanding insane prices for used cars. Zillow and others are all in on the current feeding frenzy. If it continues unabated the only houses you will be able to buy private party will be low end hovels. Everything else will be owned by the Zillows of the world and command a kings ransom to purchase.