Investors Smothering Individual Home Buyers

Big investors are killing the market for individual home buyers whose dreams of building wealth through home ownership is dying.  My investors are thrilled.  But, my first-time home buyers can’t compete for the same properties with the hedge funds, Wall Street investors and cash cows chewing up the little bit of grass that’s available.  The ability of investors to make cash deals is enabling them to purchase as much as 70 percent of sales in some Florida markets.  Good article on the subject in The Washington Posts with Bloomberg.