I've been thinking about this. I really need a house and looking. The prices are very stupid. But I'm paying astronomical unforgiving rent that just went up + storage. If and when there's a correction, am I just forever fucked yet again? And the thousands of others that bought? These past 4 years came at a very bad time for me.
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This has been an ongoing issue for 3+ years— cash buyers turn properties into immediate rentals destroying neighborhoods and lowering values— all the while making it very difficult for real buyers to purchase properties
Cash buyers a.k.a. illegals, a.k.a. green card holders, a.k.a. new naturalized citizens........at least in NEPA.