Comment by hopelite

I agree, but besides the fact that people overlook that the “C” in LLC is “Corporate” and most private rental investors will have put their real estate in an LLC; is that the real problem at the core is cheap, i.e., devalued money and low lending standards, that has made inefficient and reckless lending and investing possible, essentially the inverse of the BNPL ticking time bomb and the cousin of the housing bubble, i.e., fraud.

With house prices being driven up by reckless lending through a debased currency, you enter a feedback loop where every inflating currencies drive prices higher, which only fuels a further frenzy of lending (including through FOMO) to driver prices higher once again.