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Homes have become less affordable since Biden took office

  • Offline flsprtsgod
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#19
04-02-2024, 02:49 PM

(04-02-2024, 01:59 PM)Lucky2Last Wrote: /sigh

Obviously, people want their homes to increase in value. That's great for people WITH homes. In a capitalist society, you want limited barriers to entry. This artificial housing crisis is creating barriers to entry by not making new houses and making existing houses less available. It's also simultaneously driving up rent.

It's wonderful that their properties are increasing in value.

It's not good that interest rates are decimating purchasing power. 

If they go to sell and cannot find a buyer except for an investment conglomerate it's bad for all of us.
“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

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RE: Homes have become less affordable since Biden took office - by flsprtsgod - 04-02-2024, 02:49 PM



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