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I don’t know what to tell you. Your personal economic observations are irrelevant. I’m 40 not on the upper curve and have bought two houses in my life. So there is an experience to counter yours.
Beyond that, yes, there are investors buying houses, this has always been true. There are a lot of ppl out there that can afford a mortgage payment, but their finances can’t muster the down payment, or their lack of caring about their credit has taken it out of reach. Yes houses are more expensive, but I’ve seen plenty of houses in great locations for reasonable prices.
Capital will flow where it’s most needed… there is a housing shortage and it’s likely not going to get better.
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There is too little supply of houses to afford a collapse. It’s why when we see rates going astronomically we still see pricing holding tight.