Homes are being bought by more than simply people who can afford them.
https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801
Homes are being bought by more than simply people who can afford them. The world's largest asset manager, Black Rock and other money institutions are buying up single-family homes as quickly as they can at rates higher than the average homebuyer is willing to pay.