What do people who already own 80% of the wealth in America buy?
Your home.
Big investors are buying up houses for the purpose of renting. After all, homes are a pretty decent investment: They get the growth from the value of the home, plus the dividends from the rent.
Unfortunately, it means that people without the cash can't outbid the investors. It means that your neighbors will probably be renters who don't care about the neighborhood or the value of your home. And it means that your children will undoubtedly rent.
http://seattletimes.com/html/businesstechnology/2023084679_institutionalinvestorsxml.html
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