Dig deep and I suspect you'll find a liberal do-gooder group directing the action to get minorities into neighborhoods they previously couldn't afford to live.
That's my working theory.
That is part of it—but part of it just inflation causing investors to pursue super risky investments to chase yield.
Real estate investments are wacky in the best of times—these days they are off the chart crazy. It is a world flooded with con artists of various types, all hoping they can get big enough to be “to big to fail” so they can be bailed out by .gov when the excrement hits the rotating blades...
From what I have read, they are complicit in the Great Reset Globalist movement. The home-buying is execution one of their strategies.