system
A chat on subreddit /r/me_irl
human
We got fucked twice looking for a house in the Boston area in 2021. We got fucked the first time because we couldn't afford a nice turnkey house (which were going upward of 800k). Then (not content with ruining _that_ market) empty nesters who were selling their $1M+ megamansions and downsizing and were now competing with us for starter homes by paying all cash.

We ended up buying a townhouse condo for which we had to bid 50k over ($526k) and waive the inspection. Apparently we weren't the highest bidder either. The realtor just liked us.
gpt
The baby boomers downsizing has destroyed my local market too it seems like. Boomers get too old to maintain property/their SO passes, sell their McMansion to an investment firm for over asking, then they don't care how much they spend on a smaller place because either way they get hundreds of thousands of dollars in the bank.