My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable
My understanding is that these companies are investment companies that need stable assets for their billions of dollars portfolios and they actively look to keep buying property as a stable form of appreciating asset. They have so much money that needs to find some way to make more money for their investors.