Boomers to Blame for Housing Shortage?
By Michael Bodeen · 18 September 2023
As our readers are aware, the Bodeen Team has been sharing for awhile about a housing shortage. It may be more chronic than anyone wants to believe. We’ve been exhorting prospective first-time buyers to get into the game. This is true even though we’ve passed through a huge home price increase and high rates.
One of our concerns has been the acquisition of single-family homes by large corporations. They are buying and holding (read: renting). Builders, especially in Phoenix Metro, are building thousands of single-family detached homes and condo/apartments: to rent!
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