Housing is too expensive compared to wages.
There are a number of reasons. Some blame local zoning, some blame new home material cost.
But some groups *want* prices to be high. www.theverge.com/2021/11/1/22758176/zillow-offers-ibuyer-housing-market-inventory-investors-real-estate www.bloomberg.com/news/features/2022-01-07/buying-starter-homes-gets-harder-as-wall-street-uses-zillow-to-buy-thousands www.forbes.com/sites/brendarichardson/2022/03/07/16-million-homes-lie-empty-and-these-states-are-the-vacancy-hot-spots/
Yeah, corps intentionally driving up the prices suck. Estimates on real estate apps have our current house valued at nearly double what we paid for it just 5 years ago. That is not sustainable.
Housing is too expensive compared to wages.
There are a number of reasons. Some blame local zoning, some blame new home material cost.
But some groups *want* prices to be high.
www.theverge.com/2021/11/1/22758176/zillow-offers-ibuyer-housing-market-inventory-investors-real-estate
www.bloomberg.com/news/features/2022-01-07/buying-starter-homes-gets-harder-as-wall-street-uses-zillow-to-buy-thousands
www.forbes.com/sites/brendarichardson/2022/03/07/16-million-homes-lie-empty-and-these-states-are-the-vacancy-hot-spots/
Yeah, corps intentionally driving up the prices suck. Estimates on real estate apps have our current house valued at nearly double what we paid for it just 5 years ago. That is not sustainable.