Frustrated Homebuyers Are Competing With Investment Funds That Are Literally Buying Up Entire Neighborhoods

Home prices have been rising aggressively all over the nation this year, and this has caused a tremendous amount of frustration among ordinary Americans that are looking for something to buy.  As I have detailed in previous articles, we have often seen ferocious bidding wars break out for the most desirable properties, and many homes end up selling for way over asking price.  Unfortunately, many potential home buyers don’t even realize that they may be competing with investment funds, billionaires and wealth foreigners.  Gobbling up homes is now considered to be a way to make huge returns very rapidly.  Once homes are purchased, they are either flipped quickly for a large profit or they are rented out at very aggressive rates.  Meanwhile, it is becoming a lot more difficult for ordinary Americans to find affordable places to live. (Read More...)

The Wildest Home Buying Binge In U.S. History Has Pushed Home Prices To Hyperinflationary Levels

All over America, we are witnessing crazy bidding wars for the limited number of homes that are on the market.  In many areas, the moment a desirable home goes on the market potential buyers start making offers that are tens of thousands of dollars above asking price.  Not even in the days before the housing bubble burst in 2008 did we see anything like this.  As I have discussed in previous articles, in some cases more than 100 offers are coming in for a single home.  It is actually an understatement to call what we are watching a “frenzy”, and there are no signs that it is going to cool down any time soon. (Read More...)

End Of The American Dream