Seems like you folks have a handle on things. Might pass it along to politicians and the Federal Reserve.
Number of articles like this. None give a breakdown on who the buyers are.
In Shiner, Texas an acquaintance inquired about a few house foreclosed on. The bank would not even admit to it. Less then 3 months later the homes had all been sold to un-nambed investors.
Consider that this is a small community of, perhaps 400/450 homes. If occurring in rural America what must it be like in the cities and suburbs.
Could be wrong but smells like insider deals to me!