4 ms·
I'd really like to see the breakdown between investors and bona fide homebuyers. The main reasons supply is low is that a) people don't want to move in the midd
by vannevar 6y ago
I'd really like to see the breakdown between investors and bona fide homebuyers. The main reasons supply is low is that a) people don't want to move in the middle of a pandemic, and b) construction was slowed. This should mean that the proportion of investors and first-time buyers is higher now than pre-pandemic, and who is more likely to win the resulting bidding war: investors, or the young people trying to buy their first home? I believe that the lions share of the housing spike is being driven by speculation, and eventually, the market will run out of "the greater fool" and you'll be left with mostly real home buyers, and prices will fall back to earth.