Supply has been manipulated for the past 4 years. Manipulation takes many forms. If we didn’t have the manipulation you would have seen astronomical inventory over the past few years. Manipulation takes many forms. Remember the govt 10k incentive to buy back in 09? Do you ever wonder about the tens of thousands of squatters and people who havent paid a penny to the mortgage servicing company in months and sometimes years before being kicked out? How about all of the programs to modify loans and forgive debt?
These are all forms of manipulation because the end result is that these homes did not come to the market in a timely manner and they should have. We should have seen a glut of inventory and that would have pushed prices down.
None of this just started… it has been in place quite awhile.
