how did the housing market get so inflated, and is it different from what happened in 2008?
In: 71
In a lot of towns in West Michigan near the beach, wealthy people or companies with money are going in And buying up homes in cash well over asking, just to turn them into rentals and lowering inventory for people actually wanting to live there. And it’s jacking up the values of all the homes in the area, making it even harder. Just one example.
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