Frustrated Homebuyers Are Competing With Investment Funds That Are Buying Up Entire Neighbourhoods

Housing prices are facing meteoric rises all across the country, and that is making first-time buyers feel increasingly more frustrated as affordable homes have become impossible to find. The current housing buying frenzy is leading to fierce bidding wars where most homes end up selling for hundreds of thousands or even millions of dollars above the asking price. What most potential buyers don’t realize is that they don’t actually stand a chance of winning these competitions and finally purchase a home because more often than not the battle is between average American families versus big investment funds, billionaires, and wealthy foreigners. Knowing that the market has been booming over the past year and that the epic price bubble is seen as a promise of sizable future returns, investors have been gobbling up all the homes they can find in the U.S. to either quickly flip them and put them back in the market for a huge profit or to rent those properties at very aggressive rates. But in the meantime, millions