[Gwaihir]

Originally Posted by myrddraal [You must be logged in to view images. Log in or Register.]

We aren’t at maximum occupancy, shitlords are buying houses and leaving them vacant as an investment. We have more than enough houses to end homelessness but don’t.

The reason we have high demand for new houses is the low interest rate, which is also why we have such crazy high sales prices right now (especially people, poor people...comparatively poor people) because it’s cheaper for Californians working from home to buy a house in Nebraska or Wyoming for 50k+ over asking price than to stay in California. It’s not their taxes that’s pushing them out, it’s the price of land itself. This has led to a housing bubble that once the moratorium ends, will make the 45 million+ delinquent or behind on their mortgages be foreclosed on, causing another market crash. The price of houses will drop, but only people with capital will be scooping them up so they can turn around and rent them out, which means with tons of new renters on the market, rent prices go up, and the poor get poorer with increased rent. Trump fucked the American people hard. All the people who bought a home for over value as well will also be fucked because they won’t be able to refinance once the market crashes.

The housing crisis has been explained to you now.

So what you're saying is. Get capital right now ahead of the crash so you can buy the dip