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this post was submitted on 01 Apr 2024
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Asklemmy
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Someone who hords houses.
If you have an beach house that you uses every year, and rents it when it's not using or you have one second house that you got from a deceased family member... If you need to work to maintain this second house...
That's fine. It will not cause a inflation on the house market, it's not just an investment.
In my city (not in US), there are a booming market of very small apartments that rich people buy just to protect their money from inflation. As result, higher prices, less units available for the general public, and the new units that are available are terrible.