That's whats happening. Across the US private equity has bought millions of locations, bringing supply down and prices skyrocketing. Private equity knows how to fuck up everything and anything......
The absolute last thing you want is private equity getting themselves involved in this industry, anything they touch gets destroyed. They are in it for pure greed and nothing else....
In such a s..y environment what we have now, to build new houses - to increase homes inventory, great things to do. It’s not really matter who would build new homes. Price will regionally drop if inventory there will rise.