And the steps of buying “under prices” homes alorithmically inevitably (and intentionally) means they are manipulating the housing market to NOT correct.
I.E., if prices start to fall, corps swoop in to pick up supply because their estimates say these properties will be worth more. Their act of doing it insures that it happens, and individuals are forced to compete if they want housing security.
The same goes for the rental market. Even without the blatant collusion tools already exposed, Corp market evaluations to min/max their rental prices ensures that others follow suit.
It’s market manipulation all around by those that have enough capital to force everyone else to play by their rules.
And the steps of buying “under prices” homes alorithmically inevitably (and intentionally) means they are manipulating the housing market to NOT correct.
I.E., if prices start to fall, corps swoop in to pick up supply because their estimates say these properties will be worth more. Their act of doing it insures that it happens, and individuals are forced to compete if they want housing security.
The same goes for the rental market. Even without the blatant collusion tools already exposed, Corp market evaluations to min/max their rental prices ensures that others follow suit.
It’s market manipulation all around by those that have enough capital to force everyone else to play by their rules.