From what I've seen - it would not matter much if there were 10M would-be first-time home buyers all yearning to get it. The needed homes do not physically exi

From what I've seen - it would not matter much if there were 10M would-be first-time home buyers all yearning to get it. The needed homes do not physically exist. So everybody who failed to "win the auction", for one of the limited number of homes, would still be stuck paying a landlord.