You hear wrong as every house gets bought almost immediately and while 10-20% are institutional, the rest are private buyers. This is also fairly new and intere

You hear wrong as every house gets bought almost immediately and while 10-20% are institutional, the rest are private buyers. This is also fairly new and interest rates have been 4% for almost 10 years long before the current situation. Rent is not 50% for most people. Yea, it’s bad for those people. But even then it’s possible to save. Most people have benefited greatly from this very positive economy. Not everyone, but most. Even if you’re minimum wage, the low unemployment has driven up wages