(08-01-2024, 07:52 PM)StroudCrowd1 Wrote:

(08-01-2024, 07:20 PM)copycat Wrote: Exactly why young people cannot afford to be homeowners.  Corporate greed.

The government printing endless money and driving up interest rates is the main culprit why young people can't afford to be homeowners. Not to mention first time buyers refusing to lower their standards. Wine budget, beer pocketbook (and not the good beer)

Those are contributors however corporations are buying up single family homes (read Blackrock) by blocks and neighborhoods.  This reduces the supply, upping the demand and pricing young people out of the market, forcing them to remain renters.  This is pure evil.  In fact there was a movie that touched on this very subject made years ago.  You might have seen it, “It’s a Wonderful Life” is the name.

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