First Home Buyers Beware: Your own bank may start bidding against you at the auction
The Times in the UK, as well as media outlets in the US, have documented a growing phenomena. Big financial institutions are snapping up residential property, no doubt attracted by the huge capital gains available. Bearing in mind also how working from home may become more desirable as culture adapts to worries about the virus. These financial institutions are then simply renting out the properties. They are doing so in preference to granting mortgages. When you think about i