I’d argue that there should be no higher business priority than shipping a product you already sold. If you sold a product and your customer spends their time documenting exactly why and how you sold them something that’s broken, you should make that a high priority. As a natural progression, you’ll start shipping less buggy / better tested products and that’s how you unlock yourself from the obligation you made to your existing customers to do other work.

Not directed at you of course, just the proverbial “you” from the frustration of a purchaser of software.

They don’t have to buy to fuck up the market. They just have to bid. If there’s low inventory, people that actually need to buy a home are forced to beat/match the bidding.

They can also target just specific areas of specific major metros and there are ripples throughout the entire market.

The housing “market” does work the same as the stock or commodity markets. People aren’t buying an intangible share. They’re buying this specific and unique house and if they’re told “we just got a cash offer for $50k over ask”, they may be tempted to beat it. That doesn’t happen when people buy AAPL. The shares are fungible.

There’s only empirical evidence of their buying activity. We’ll never know how many deals they bid the price up on but didn’t buy. This auction like quality is evident in any market like this; watch Storage Wars and one disinterested buyer will bid up the price just to fuck with his competing bidders.

I think your case on this debate is more sound however

> To do that, you have to be able to generate scarcity, which is exactly what corporate investors aren't doing.

But they did. When inventory was low and then zero percent rates where available, they bought everything they could and drove prices up and created an appreciation bubble. I don’t think they have some other dark patterns for manipulating the market but they had access to a lot of basically free cash. Inventory of houses for sale is a tiny portion of the total market and they could and did contribute to driving prices up. But so did everyone that had the opportunity and inclination to do so, and why not when money is free leverage the shit out of it in an asset class that will generally appreciate without much risk.

I don’t know what ever came of that now that rates have increased. Are they still holding those homes? Did they sell them after driving prices up? (But not fast enough to make prices go down again obviously). Are they landlords now? Etc.

The market is still reeling from that economic situation that created this. Prices may eventually float down but no seller is eager for that so it’s a bit sticky.