Why is it so hard to buy a first home?
According to data reported by the PEW Trust and originally gathered by CoreLogic, as of 2022, investment companies take up about a quarter (25%) of the single-family home market.
Looking at the chart from the Washington Post, is is worse here – it looks like >33% of homes in the DMV are bought with cash.
Specifically, investor purchases accounted for 22% of all American homes in 2022. Over the last decade, the number of investors purchasing homes has increased 10% to 15% each year, except for 2020 to 2021, which, according to a study by Redfin, saw an increase of over 80%. -- todayshomeowner.com Why is this allowed? Isn’t it enough they own nearly all apartment complexes? With the VVA in place -- we could have a law limiting this problem by only allowing individuals to buy homes. Put Purpose before Politics & Power With the Voters Voice Amendment (VVA) at www.PttP.US we can make these decisions ourselves for OUR future and OUR children’s future. We do NOT need only representatives to decide what and what we cannot have or do.
No Comments