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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
(www.businessinsider.com)
this post was submitted on 16 Oct 2023
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Not sure why people are downvoting your lived experience.
Investor purchases of single-family homes have spiked to 28% of home sales, and well above 30% in many high-demand localities. Market prices reflect that competition, so when one says, "the price just keeps going up so clearly people can afford it", one must also concede that many of those people are investors who are displacing buyers with less money. Those lower end buyers -- who could have afforded a house if an investor wasn't ready & waiting to flip houses or turn them into rentals -- have been frozen out of a home purchase.