this post was submitted on 13 Sep 2023
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Yes. The only reason they are able to do that is because they have money. They arent building homes though, they are buying up existing starter homes and renting them at twice the mortgage rate and building a portfolio of houses they rent, taking thoze homes out of the market for potential homebuyers indefinitely. Literally being leeches and freeloaders off of the labor and wages of folks they priced out of home ownership, by making it harder to buy a home.