Investors making it tough for first time buyers
Investors are buying more homes than ever which is making it hard for first time buyers to get a house. “They have visited 25 properties and bid on half a dozen but keep losing out to cash buyers.” What are you guys thoughts on this?
https://www.wsj.com/articles/investors-are-buying-more-of-the-u-s-housing-market-than-ever-before-11561023120?emailToken=73bec5f8bb5eb4b5a2df20315eb4e8faw+T2wk5K/EPlzmddfVePvNIfxY+dxX1aKU5ubrxqPVmL6pjmjZbh9KL7IyxTYeVO1Qq8tkQghZJ/LDDf5cXFHIR72eqa1mqzviYXgh2z2IrBEp3PAD2bN/in404L/uW8PYViRyl7mMWnhV11ThEBoA%3D%3D&reflink=article_copyURL_share
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I don't believe this to be really true. Home buyers will generally pay more for a home since they become emotionally attached to it. Many (not all) investors base their offer/price on a property based on the numbers that work for them.
I almost feel it's the opposite, home buyers can make it tougher for investors to find a low priced cash flowing property, due to overpaying