- cross-posted to:
- latestageusempire@lemmygrad.ml
cross-posted from: https://lemmygrad.ml/post/4156961
Home Prices vs. Inflation: Why Americans Can't Afford a House in 2024
cross-posted from: https://lemmygrad.ml/post/4156961
Home Prices vs. Inflation: Why Americans Can't Afford a House in 2024
Evey new construction home I see is a
. I don't know what's going on. Who is qdfording these?
What happened to a nice ranch one floor with a basement?
Cracker box
The ultra rich. It's an asset economy. Housing is built to market demand, but the market isn't even people finding a place to live, it's asset acquisition and speculation.
I know an accountant whose company works for a lot of estate agents in London. Even when interest rates were sky high in the last year or two, they were still selling loads of houses and prices were increasing. The only difference was, more and more of the sales were paid in cash, not mortgages. That's not even 'rich' or upper middle class people buying homes or investment property (🤮), that's asset accumulation on a massive scale by the capital class.
Seriously, I know you mfs have one, MAYBE two kids, and you sure as shit don't have a multigenerational home, so why tf do you need 6 beds/7 baths? It's a pure dick-measuring contest. Congrats, now you get to climate control and (pay someone to) clean a ginormous house that's more than half empty.