If you sell a house these days, the buyer might be a pension fund
Here'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's one who comes right out and explains this:<p>> 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://www.clearcapllc.com/2021/04/27/q1-2021-clear-capital-newsletter/" rel="nofollow">https://www.clearcapllc.com/2021/04/27/q1-2021-clear-capital...</a><p>Support groups like <a href="https://yimbyaction.org/" rel="nofollow">https://yimbyaction.org/</a> if you want to 'stick it to the investors'. If there's a credible threat to build plenty of housing, they'll move on.