I’m genuinely confused by your #1 question as well. We see that investors are accounting for a sizeable percentage of home purchases, but families are still buying most of the homes. I’m in a low cost of living city and see homes and condos go for half a million or more every day. Who is buying them? You’d have to be a top earner in my area to afford those homes, but the quantities just aren’t adding up. Hell I’m in the top 15% and could never afford a house for that price, and I was lucky to find something I can afford.