This story (as I said in a reply to the parent comment) is bunk, but institutional buyers do have a significant advantage over regular people in the form of acc

This story (as I said in a reply to the parent comment) is bunk, but institutional buyers do have a significant advantage over regular people in the form of access to cash. You have to get a real estate agent, find a bank that will lend to you, get your financial info together, probably have an in-person meeting, hope you get approved for a mortgage, and finally close the sale. Some junior trader at Blackstone can just wire the full cash price of the home and have the paperwork signed the same day.