Similar hope here, but even then I feel like it’s a lost cause.
Right now houses are expensive because land and materials are expensive, and so no one is building. You’ve also got investment firms and landlords buying up whatever properties they can find so they can just lease them to people and make more money over time doing basically nothing.
The economy could tank, but I don’t think that would help. There would still be no one building houses, and corporations and landlords will still have more money than me. The coming die-off of the Boomers might be a better chance, but even then I don’t have too much hope.
Wonder what would happen if some region passed a law capping corporations and landlords from owning no more than 2 residential properties.
Similar hope here, but even then I feel like it’s a lost cause.
Right now houses are expensive because land and materials are expensive, and so no one is building. You’ve also got investment firms and landlords buying up whatever properties they can find so they can just lease them to people and make more money over time doing basically nothing.
The economy could tank, but I don’t think that would help. There would still be no one building houses, and corporations and landlords will still have more money than me. The coming die-off of the Boomers might be a better chance, but even then I don’t have too much hope.
Wonder what would happen if some region passed a law capping corporations and landlords from owning no more than 2 residential properties.
The Dems had a proposal in the works giving hedge fund instruments 10 years to divest from single family residential homes.
That would have helped immensely but it was blocked by corporate backed representatives.