Posted on 03/29/2022 4:22:43 PM PDT by devane617
About five years ago we took two weeks to seriously house hunt in FL. The traffic was so dreadful that we gave up that idea.
Yes—and if they get your cell number you’ll get text messages everyday from someone wanting to buy your home. Average home prices in our area have more than doubled over the past 3 years and if the house is in a desirable neighborhood potential buyers are having to bid at amount higher than the asking price to have a chance at having their offer accepted.
Only a million investment homes a year are sold, the overwhelming majority of which are rented out, and a lot of the ones sold were already investment homes. To get to 16 million vacant that way would take a century of 10% permanently removing the home from the pool, which obviously would never happen.
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