Who Is Buying Homes?

The American Sun

The housing market is hot. Homes last a day on the market. Buyers must bid above listing. If you bid 20% over listing, you likely will lose out. Year over year gains are insane in some markets. There’s also a huge unemployment problem. Who is buying all of these homes? It’s not just the little guy. The Wall Street Journal recently published a story on the big money buying homes to turn around and rent them out. A private investment firm bought a whole housing development to rent out to families looking for their little patch of green. This is a product of the zero interest rate policy that we are stuck in thanks to never addressing the financial crash.

Are these complaints about big buyers new? Not really. This is post-financial crash economics. This is both single family and multi-family housing. This was also a complaint in…

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