Well of course. The whole PE strategy is to place strategic buys to raise comps and thus cause prices to rise in the entire area.
This is why the economists who say things like, “The investors don’t buy that many houses so they can have no effect on prices!” are so very, very wrong. I mean, prices are set on the margin and that is even more true of house prices. That’s basic economics there so you know there must be some other agenda going on there to even make such an unbaked claim.
If you gave me $20 million dollars, I could cause prices to rise 20-30% in a chosen neighborhood and stay elevated for years — more than enough to recoup that money.
Why is that not obvious to everyone else? This is just how you do it if you’re in that business.