As a former landlord, I would not compete with buyers on a potential rental property. I'd rather pick it up cheap because it is an investment. So the correlati

As a former landlord, I would not compete with buyers on a potential rental property. I'd rather pick it up cheap because it is an investment. So the correlation between ownership and prices is not as clear to me, and landlords may provide some market making service. The connection between supply and prices is very clear, however. Another issue is that historically low mortgage rates pushed up the maximum price of house that people could afford, and when rates went back up the market stalled out rather than price correct. I don't know how to fix that.