> It’s when an investor outbids a family for a second property and turns it into a full-time Airbnb. Or worse, when a holiday rental company does so. Or worse,

> It’s when an investor outbids a family for a second property and turns it into a full-time Airbnb. Or worse, when a holiday rental company does so. Or worse, when a highly-leveraged hedge fund buys a swath of holiday rental companies. Or worse, when a sovereign wealth fund buys a portfolio of hedge funds. This is all caused by investments no longer offering the same yield. Yields and interest rates have dropped artificially, due to the Fed and government pouring liquidity into the market. The abnormally cheap credit then flows through the system into whatever is left to buy, including housing, stocks, and CryptoPunks. However, we might just get a tapering soon, because even the powers that be are deeming the situation risky, and hopefully prices return to a reasonable level. https://www.cnbc.com/2021/08/27/housing-price-bubble-will-wipe-out-wealth-peter-boockvar-warns.html https://www.cnbc.com/2021/08/27/housing-price-bubble-will-wi...