“Took many episodes to get there, but at least addressed individual investor activity in latest episode. If only briefly. The fact that investor purchases have grown from 13 to 25% of sales in the current economics should be alarming. Which means they are almost certainly competing on at least 50% if not higher. There is an exploding group of citizens (not institutions) who think the best way to get ahead in life is to hoard as much housing as possible and jack rent prices as high as possible. And do nothing else meaningful to contribute to society other than generate their “passive income” (read: parasitic income).”
B in Oz via Apple Podcasts ·
United States of America ·
07/13/24