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jmbar2

(8,170 posts)
2. I'm hoping that CV puts a lot of the home speculators out of business.
Sun Mar 29, 2020, 08:22 PM
Mar 2020

At some point, housing went from being about dwellings, to being an investment vehicle for hedge funds, flippers, sharks, and short-term rental magnates. They sucked inventory out of the market, then hiked prices to unaffordable levels.

Now they've moved into buying up older mobile home parks, forcing people out and jacking up the lot rents.

I hope this bites them in the butt and forces some inventory back on the market. That whole business model is too parasitic to go unchecked. Imagine if they did this to eggs, or toilet paper, or any other necessity.

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This is a nightmare. jimfields33 Mar 2020 #1
I'm hoping that CV puts a lot of the home speculators out of business. jmbar2 Mar 2020 #2
+1 dalton99a Mar 2020 #4
It's not so much speculation as it is size Massacure Mar 2020 #5
DURec leftstreet Mar 2020 #3
We have a housing system? Wounded Bear Mar 2020 #6
Latest Discussions»General Discussion»America's housing system ...»Reply #2