And buy up more houses when they become available. Because too many available houses will drop the price of their current holdings and they can’t allow that, so they are obliged to keep snapping up anything that drops below market, keeping the price up.
Yep. Some people see houses as ever increasing appreciating assets and don’t want to take a loss. Hence, maintain high prices and price out buyers
corporate landlords and real estates do, thats why they buy up houses and sit on them til the end of time.
And buy up more houses when they become available. Because too many available houses will drop the price of their current holdings and they can’t allow that, so they are obliged to keep snapping up anything that drops below market, keeping the price up.