• reddig33@lemmy.world
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    6 days ago

    Someone should do some digging and see if he owns any stakes in reverse mortgage companies.

  • Lost_My_Mind@lemmy.world
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    6 days ago

    Yeah, lets not leave ANY of these houses for millenials. Because what is housing, if not a get rich quick scheme for the billion dollar companies to prey on the basic fucking needs of the peasants?

    Hey, rich people, you notice that 40 year population decline??? Do you know what that means? It means if you spend 2 million dollars buying a house, and then do that same thing to every house in the city, eventually you’re going to have more houses than people exist. And you’ll keep homes empty to artifically raise the prices. But nobody wants to move into a neighborhood where half the houses are empty, or plots of land. With an out of control homeless population running around.

    Because we don’t look at houses as “these will appriciate in value over time”. Houses could just as easily drop to $0 value once purchased, and we’d still purchase them. Because we look at them like “oh, THIS is where I’ll put my tv, and THIS is where I’ll cook, and THIS is where I’ll sleep”.

    But now we can’t, because you guys view it as “ha ha ha! Our company bought all the houses in town!”

    So none of us look at those houses. They’re being sold for 10 million dollars, when realistically without artificial value inflation they should be $400,000.

    And so now, the boomers are being told to do a reverse mortgage and sell to the bank. So now even MORE houses can be off the market permanently.

    Fuck off. All of you.

    • Zorsith@lemmy.blahaj.zone
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      6 days ago

      Even 400K is inflated. Precovid it wasn’t uncommon to see 100K houses in some regions, in decent areas too.

      • Lost_My_Mind@lemmy.world
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        6 days ago

        I don’t think the homes I’m talking about, that currently sell for 10 million would be 400k in 2019.

        Those are different houses.