It's pretty simple I feel. As prices drop, the elite will buy more until most/all housing stock for the lower and middle class is owned by them. Then any labor

It's pretty simple I feel. As prices drop, the elite will buy more until most/all housing stock for the lower and middle class is owned by them. Then any labor done by most people will be used to pay them tribute. When you have unlimited access to capital and at a lower rate than the average family, you "might as well" buy it up. If it goes sideways you are "too big to fail" and will be bailed out by the Federal Reserve...at the cost of the tax payer of course.