this post was submitted on 24 Nov 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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[โ€“] pdxfed@lemmy.world 13 points 1 year ago (1 children)

That was the hope I had a decade ago, but as a commodity with inelastic demand, VC firms and investment funds over the last decade are now snapping up residential properties by the boatload and will inflate prices for both buyers and renters for much longer than any boomer selling might improve availability or pricing.

[โ€“] Pistcow@lemm.ee 1 points 1 year ago

I feel likenifbthere was justice in this world a corporation wouldn't be able to buy a residential home, but yah know, corps have more rights than us silly humans.