atepa09:capitalism-and-analytics: The irony is that there are plenty of millennials trying to purcha
atepa09:capitalism-and-analytics: The irony is that there are plenty of millennials trying to purchase a home, the problem isnt due to a lack of funds, but a lack of supply of homes not meeting the high demand. I’d argue there is supply, at least in North America, but investor groups are buying them up for 20-30% above asking price and driving first time home buyers out of the market for houses that they normally would be able to afford. They have the capital to buy up the houses and let them sit empty until someone is willing to pay their crazy rental price. I mean you aren’t wrong that investor demand is one of the main proponents in the recent shortage, but that doesn’t change the fact that supply sufficiency is relative to the demand imposed upon it.Sadly, a lot of investors are disrupting the ability of many FTHB from becoming homeowners :( -- source link