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this post was submitted on 06 Oct 2024
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Never said it was inexpensive. It's just not nearly as expensive as you all make it seem. 15% of the country does hit this number and 25% are close.
Y'all out pretending nobody is buying houses.
No no we know people are buying houses. It's just hard to compete when that person is Black Rock and they bought an entire development before it even hit the market.
Corporate owners own less than 4% of single family homes.
It's not okay and that does put pressure on the market. We should strive to minimize that.
It's not the hellscape you want it to be. $2500/mo still buys you a 2400sq ft home in a nice neighborhood in moderate CoL areas. Again that price is out of reach for many, but home ownership rates for Gen Z is higher than millennials when adjusted for age. Most of America own their homes.
And yet the home ownership rates increase.
Again, it's far from perfect. Not the hellscape described. Again, MOST (Almost 70%), will own their homes when they retire.
Well that's a flat out lie. CoreLogic straight up tells anyone willing to read that investors own 20-30 percent of housing in every state. And they're 30 percent of the purchasing for houses on the market every month.
This shit is easy to find.
https://www.strongtowns.org/journal/2024/2/21-going-after-corporate-homebuyers-good-politics-ineffective-policy#:~:text=As%20of%20June%202022%2C%20the,rental%20properties%20in%20the%20US.
I'm going to go with the actual statistics here. Not this blog post.
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Yeah, sure. Actual data makes me a clown. You're entitled to your opinion
Shuffles around looking for data
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