re: The ‘growing crisis of the young American male’ could send home prices falling for years

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Wasnt this proven to be fake news?

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I honest to God do not trust a single thing the news puts out about the percent of home ownership being PE. The lying press has been running cover for corporate America for decades from everything from pay, to employment to offshoring of jobs. Why wouldn’t they continue lying to cover up how bad actual home ownership rates are? Hell they lied their asses off about inflation and the economy these last few years, whats a few more lies about home ownership?

To Northshore

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i'm genuinely curious how much of an impact this has had. this seems to be one of the biggest "wE hAtE tHe bOoMeRs" complaints, but the boomers have been doing this for decades at this point, and it is only recently that this has become such a big complaint. plus i dont think a retiree who has a few properties he uses for side income should be considered "rich people buying up homes" (but in fairness, this might not be what you are referring to)

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I don’t fault people who have the means of purchasing additional homes for income in doing so. But ultimately when they buy these properties and rent them out either via Air BNB or to local residents this decreases the overall inventory available in the area. I have a family friend who sold his house in California for a small fortune and moved to Nashville where I live. He bought his current home and 4 townhomes from the proceeds of that sale and rents those townhomes out. I dont blame him for doing so but this negatively affects inventory in the area. What once were 4 properties that a first time home buyer could realistically target are now only available for rent. This isn’t some millennial vs boomer rant, there’s millennial who have enough money who do as such. And before anyone accuses me of being some socialist, I have been a registered Republican my entire life.