leaving very few homes for actual potential home owners, particularly in the "first-time" homebuyer range of starter homes. We're seeing this in Provo ... investors have bought up the affordable inventory and rented it out to singles, leaving higher prices and fewer choices for new families.
And this was all enabled because of the artificially low interest rates that the feds created, which allowed smart people like this guy to capitalize and snatch up the inventory at a bargain.