If you sell a house these days, the buyer might be a pension fund
Here&#x27;s why investors buy up houses: they know your neighbors will do the dirty work of artificially constraining the housing supply, which makes it a good investment.<p>Here&#x27;s one who comes right out and explains this:<p>&gt; Meanwhile, local opposition to building is so commonplace and the approval process so cumbersome, time consuming, and expensive, even when a proposed project complies entirely with requirements, approvals are not forthcoming, at least in an expeditious manner and needed supply is simply not provided.  Recently I heard of a new acronym to add to my vocabulary: CAVE, Citizens Against Virtually Everything, to be added to NIMBYISM and BANANA (Build Absolutely Nothing Anywhere Near Anyone).<p><a href="https:&#x2F;&#x2F;www.clearcapllc.com&#x2F;2021&#x2F;04&#x2F;27&#x2F;q1-2021-clear-capital-newsletter&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.clearcapllc.com&#x2F;2021&#x2F;04&#x2F;27&#x2F;q1-2021-clear-capital...</a><p>Support groups like <a href="https:&#x2F;&#x2F;yimbyaction.org&#x2F;" rel="nofollow">https:&#x2F;&#x2F;yimbyaction.org&#x2F;</a> if you want to &#x27;stick it to the investors&#x27;. If there&#x27;s a credible threat to build plenty of housing, they&#x27;ll move on.