>>2012467honestly this could easily be stopped if foreign investment/buyers were banned. Boomer refuse to sell their houses due to living longer, and have opened the housing market to the world allowing the upper classes of the east to compete with average americans. They pool their money into investment companies who buy up a lot of property sight unseen, inspections waived, full cash offers above 10%. Honest americans of whatever race are creed are left up shit creek. 50% of millennials still live at home and a huge majority living by themselves rent, all because boomers would rather cash their properties out to Pajeets and Zhangs for top dollar only to gracelessly expire in some retirement home tended to by filipino nurses.
Been in the market for 3 months now, and I've offered up on 15+ homes in New England and have been beat out by cash offers or 10-15% above list price.
This is the vancouverization of the whole USA and its fucked.
