“House is 900 SQ. Not worth it. Taxes are 6K”
That was true in the past. Still true for families trying to buy a home.
But that’s not who is buying up the supply of America’s single family homes.
You’re seeing the impact of institutional investors. Wall Street. Wealthy foreign investors. Hedge funds fronting for China’s sovereign wealth fund.
We’ve seen this in California for years. Average Americans won’t have a prayer of being anything but renters.
It’s unfortunate that so few people today are actually capable enough to build their own homes.