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Experts said that wealthy investors with second or third properties are pricing out first-time homebuyers and reducing the overall housing supply in the real estate market.
And when the “non-investor” landlords raise their prices high enough, they quickly find they have enough money to consider investing in a second rental property, out bidding people who have trouble saving after paying artificially inflated rent.
And when the “non-investor” landlords raise their prices high enough, they quickly find they have enough money to consider investing in a second rental property, out bidding people who have trouble saving after paying artificially inflated rent.