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Jul 5, 2022
12:41:40pm
runnincoug All-American
It's not just interest rates, it's inventory has been bought up by investors
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.
This message has been modified
Originally posted on Jul 5, 2022 at 12:41:40pm
Message modified by runnincoug on Jul 5, 2022 at 12:42:38pm
runnincoug
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runnincoug
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