price does have alot to do with seller. the real estate market is determine by BOTH buyer and seller.
but in our current real estate market, investment corporations, like Blackrock, are chokehoking the housing market when it comes to ownership and affordability. Esp. since for the average first time home buyer affordability is becoming more and more distance from them its not because that are not a reliable or competent buyer (FICO is one determinate but also what lenders consider a risk factor in this RE market). its because the market is being chokeholded by corporations with a lot of fucking purchasing power.
Home rental and ownership are not substitutable to each other. The amount of tax exemptions of buying a, esp as first buyer, as incredible. Find out what a buyer’s vs seller’s market is. Look at what the avg. capital gains are for homeownership vs home rental (which are basically none). You still pay property tax on rentals such as apartments. Buying real estate is an investment, meaning you make returns on it.
Look, I’ll be straight up, you seem like you are coming from a place of someone who has closed on property - which is 100% okay. but you are wrong.