Houses can’t be sold because price is inflated and businesses don’t want a loss so it winds up in rental air bnb and other revinue schemes until the property is destroyed or finally sold.
Housing market is crazy right now because many see it as investing.
Housing market has always gone up and down. It works itself out.
But there are many Airbnb entrepreneurs who are getting out of that business. Wonder how many of the homes for sale are former Airbnb units?
I and many others refuse to buy at these prices.