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Record number of US cities seeing million-dollar starter homes
Taylor Riggs, co-host of FOX Business' 'The Big Money Show,' discusses the role of institutional investors in entry-level home affordability.
FOX Business' Taylor Riggs challenges the narrative that institutional investors are solely responsible for high entry-level home prices. She highlights that these investors own only 4% of homes nationally. Riggs argues that excessive local regulations and high taxes in predominantly 'blue' states like New York and New Jersey are the primary drivers of unaffordable housing markets, urging a reduction in these governmental hurdles.
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