so no I'm not an expert on the housing market and i don't mean to come off as an asshole, but right now this is not a free market with such low manipulated interest rates
so if people go around buying up homes foreclosed on or below real market value, then dump 10k into it just to flip, and that is doing some bullshit minor upgrades and new paint without really doing repairs and then sell at the inflated market value which is in a bubble, because the definition of a bubble is when the market is priced outside of the average person affordability
that's why we see more homeless and more families cohabitating together longer
it's not a supply and demand market at all
more and more apartments are being rented at the rate for a 2bed being all most a whole month wage