180k house to 1 million. 800/mo rent to 2800/mo.
(media.greatawakening.win)
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In my area ibuyers like Opendoor account for 30% of the home sales. That means they’re probably bidding on nearly every home. They are both driving up prices and reducing available inventory.
With that said i call bs on this story. A house sold for 180k in 2014 now is close to 1mil? Show me any example of a 5x increase in 8 years without massive renovations.