“Sorry, they took another offer. All cash”. 
“Sorry, the sellers went with an all-cash offer”. 
“Highest and best offer due by 9PM”- on a home lister earlier the same day.
This what my husband and I have been hearing for two years now- two whole frustrating years and we still haven’t been able to buy. We are closing in on time where we will have to leave our tiny rental home for another rental home so our newborn son can have a room of his own: and  rent prices I’m seeing has me saying goodbye to any sort of vacations or recreational activities. Keep in mind, my husband and I make what is considered “upper middle class”.  Don’t get me started on inflation everywhere else. But let’s not get off topic- 

I’m not new to this. 10 years in the property management industry, I’ve worked for investors, I’ve rented for years, and now my clients are property management companies. This industry is my friend. I want my friends to succeed. However, I am also a huge advocate for owning a home. I’m a huge advocate for tenants. Indianapolis has been a hot market for years and investors are and have been taking advantage of this fact. However, we are now at a breaking point. When I say “we” I am referring to anyone being passed over because investors can and are offering quick closings, no inspections and cash offers. Is owning a home SOON to be just a dream to never be attained? My funds are normal, offering a standard conventional loan. Forget FHA or USDA- my realtors told me that. Entire neighborhoods are rentals now- and investors can place whatever rent they want- outrageous rent. I plea for legislators to drive to the Far East side and tell me they’ll pay $1200 for rent. I certainly will not. The home isn’t worth that, the neighborhood isn’t worth that. Are we really going to sit back and let nearly every home in a certain bracket be purchased by investors so there’s no more homes available for true home buyers? First time home buyers? I am no longer comfortable reading story after story on this injustice to Indiana communities. We MUST re-access and take action to turn this around immediately. There are so many trends sweeping our country right now in the property management industry whether relating to resident screening, source of income, Disparate Impact… and Indiana is far behind. Let’s think outside the box and take action NOW!