The disappointing reality... not once do they mention 'investors'. It seems to me this article is rather poor to be ignoring this obvious issue.<p>Yet NPR has an article covering this: <a href="https://www.npr.org/2022/02/18/1081751190/first-time-homebuyers-are-getting-squeezed-out-by-investors" rel="nofollow">https://www.npr.org/2022/02/18/1081751190/first-time-homebuy...</a><p>So what's happening? Boomers are near retirement. They are going to their financial advisors and switching to 'safe' investments. However their advisors see bonds at say 2% but inflation is at >6%. So investing in bonds isn't safe at all. Real yields are negative.<p>So retirement funds are going into housing bigtime. Those people who are blind bidding on homes? Ya those are fund investors or fed up people. No intention to actually rent anything out. Just hold it as a passive investment. As long as bonds have negative real yields they arent buying. As long as they keep buying homes faster than they can be built. The housing market goes up and it's a safe bet.