Private equity outbids families house sold for $70K now listed at $240K

This is a MAJOR problem all our politicians continue to ignore

– Couple saves up enough money to buy a home and looks for months
– They offer asking price + 20% down
– At the last minute a cash offer comes in over asking price

“99% sure it’s a rental agency that’s just going to rent it out”

“I mean, what do we do? We’ve saved up the money to be able to look for houses and not to mention this house was like sold in 2020 for like $70,000 and they wanted $240,000. Insane.”

Private equity firms are DESTROYING our housing market