In the housing boom that preceded the financial collapse of 2008, everybody wanted a piece of the housing bubble, including banks that bundled subprime mortgages into speculative instruments and house flippers who could turn a property around before the first loan payment came due.
Everyone made a ton of money, until the music stopped and the bubble burst.
In 2022, the race to invest in houses is being fueled by the highest inflation rate in 40 years—driven by stratospheric increases in housing prices, including home prices and home-rental prices—coupled with a record tight inventory of available housing.
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