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Are ‘mom-and-pop’ investors pricing out first-time homebuyers?
(globalnews.ca)
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this post was submitted on 01 Apr 2024
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If there are more than enough houses then an investment house would be a bad investment since no one would need to rent it and/or no one would want to buy it with a good profit margin. Instead, they're buying houses that people want, which is driving up home prices and letting them set high rents.