system
A chat on subreddit /r/NoStupidQuestions
human
I imagine it's a supply shortage of homes worth buying, ones that won't take thousands to make liveable. Investors can do just that, invest money to make old dilapidated houses liveable, but the average home buyer doesn't necessarily have the skill or funds to do the same.
gpt
I think the Zillow thing kind of shows that institutional investors don't really do much to the home. I mean think about it, Institutional Investors are these huge companies, they can't be calling contractors and inspecting work whereas an individual can barely do all of these things. I'm sure it's not a fast and true statement for **all** properties, but I think they just buy and rent it out. Looks like mostly in more young, hip, and well educated areas by the sources.