From Housing Wire
''The problem, he says, is the force behind the recovery — namely
investors who are snapping up single-family homes to turn them into
rentals — does not alone signify a recovery.
"While a number of exuberant private equity funds have been soaking
up the excess supply of housing in markets such as Arizona, Florida and
California ... the supply of qualified individuals with the capacity to
buy and actually occupy a home has fallen dramatically," Whalen wrote.''
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