I would love it if you could forward a source for this statement. Speculators I understand, and they are out there and every down turn burns a bunch out. But REITs and Foreign Capital is less clear. There was a big "the Chinese are buying all the houses" narrative that went around on Nextdoor and elsewhere so we analyzed the County Assessors data base of tax assessments to try to identify how many homes were owned by companies vs individuals. Only a small percentage of homes were owned by corporate entities. But that was just one county so if people have done this in their county and come up with different results it would be great to see them.