You find a great starter home. You've scraped together 5 to 10 percent. You've worked hard on your credit. You prequalify. You put in an offer...

...and so did a corporation who owns 1000+ homes, some buddies looking for another AirBnB property, and a large mutual fund.
Some of the other offers the seller receives:

...someone looking to move because the pandemic proved we can work from anywhere
...someone selling their McMansion in order to downsize
...someone who's been watching YouTube for 5 years and has been planning to "house hack."
Federal housing policy could determine which of the above buyers would be disincentivized through taxation and regulations. We could have common sense and more modest gains, but "FREEDOM!"
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