3 ms·

I think it’s probably actually understated. Although, it also probably depends on your area. In my area, as I already have given an example of, “site unseen” in

• davidw 4y ago
  She has a lot of data in that article and it's pretty solid. Whatever the amount of homes being purchased by investors, you have to look at the root cause of why they're investing. This is covered by the article - did any of you downvoters bother to read it? > Yield-chasing investors have turned to the real estate market because it has become a very profitable place to put your money. And the main reason it has become so profitable is the preexisting housing shortage created by local governments and certain homeowners seeking to block new homes from being built, leading to a nearly 4 million home shortage nationwide. Locally, when we look around at who's blocking housing, it's 100% our neighbors: https://bendyimby.com/2022/09/07/development-code-weaponized-against-housing/ https://bendyimby.com/2022/09/07/development-code-weaponized...