It's unlikely that an investor will pay significantly more than a non-investor for a liquid asset. There is certainly some premium, but a large premium would imply something very strange about housing as a market.
https://www.nbcnews.com/business/real-estate/who-s-outbiddin...
"Who's outbidding you by tens of thousands of dollars for that home of your dreams? A hedge fund"
I am assuming "outbidding you by tens of thousands of dollars" means they are paying higher prices right?
10k+ extra is a nontrivial amount of money for most Americans. That's enough to help offset taxes or pay the real estate agent fees.
And barring a catastrophic event like the housing crisis, housing prices never really go __that__ down.
It's like broader inflation. If prices increase by 2% and wages by 1%, after 10 years that's a much broader gulf that is far, far harder to recover from.
Give it 20 years and we’ll be where Canada, Australia, and the UK are where a house is 10x or more the median yearly salary.
I’ve come to terms with the fact that I’ll never own a house because of the greed of exisiting homeowners and the cowardice of politicians. It is what it is, and it’s entirely out of my control.
It is an investment and the actions to protect such an investment is detrimental to using the house as a home. Corporations get representation in government these days so nothing changes to benefit the would-be family home buyer.