To further add to your point, the home buying system has now become automated. These companies that are buying up houses have found a model that cuts down on their costs and increases their bottom line. Technology has made it feasible to out bid the average home buyer.
Augain82 t1_j02ddmm wrote
Reply to comment by ImDaChineze in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU
To further add to your point, the home buying system has now become automated. These companies that are buying up houses have found a model that cuts down on their costs and increases their bottom line. Technology has made it feasible to out bid the average home buyer.
https://www.vice.com/amp/en/article/dy7eaw/robot-landlords-are-buying-up-houses