Here's why investors buy up houses: they know your neighbors will do the dirty work of artificially constraining the housing supply, which makes it a good investment.
Here's one who comes right out and explains this:
> Meanwhile, local opposition to building is so commonplace and the approval process so cumbersome, time consuming, and expensive, even when a proposed project complies entirely with requirements, approvals are not forthcoming, at least in an expeditious manner and needed supply is simply not provided. Recently I heard of a new acronym to add to my vocabulary: CAVE, Citizens Against Virtually Everything, to be added to NIMBYISM and BANANA (Build Absolutely Nothing Anywhere Near Anyone).
Support groups like https://yimbyaction.org/ if you want to 'stick it to the investors'. If there's a credible threat to build plenty of housing, they'll move on.
Here's one who comes right out and explains this:
> Meanwhile, local opposition to building is so commonplace and the approval process so cumbersome, time consuming, and expensive, even when a proposed project complies entirely with requirements, approvals are not forthcoming, at least in an expeditious manner and needed supply is simply not provided. Recently I heard of a new acronym to add to my vocabulary: CAVE, Citizens Against Virtually Everything, to be added to NIMBYISM and BANANA (Build Absolutely Nothing Anywhere Near Anyone).
https://www.clearcapllc.com/2021/04/27/q1-2021-clear-capital...
Support groups like https://yimbyaction.org/ if you want to 'stick it to the investors'. If there's a credible threat to build plenty of housing, they'll move on.