General Discussion
In reply to the discussion: I think AOC handed herself admirably on Rachel's show tonight [View all]KPN
(17,491 posts)priced out of home ownership, into dependence on private, profit driven landlords.
I don't know about where you all live, but where I live, home prices have increased 100% in less than 2 years. Most of that increase has happened in the past year -- a time period in which the stock market also saw astronomical increases from the lows of the Feb/March 2020 Covid crash. Hard for me not to think that somehow these are connected. ... Bottom line: people are being essentially evicted from already high priced rental homes because they can't afford to buy them when the renter has decided to sell them. Rentals are all being put on the market now based on the profit margin. How will this end for the little guy? I can't say, but I don't know how it can end well without some kind of intervention -- whether that be publicly subsidized low interest (2-3%) loans and grants to people who need them in light of escalating home prices together with incentives to encourage more home construction or public policy along those lines. Younger generation working class people are being totally screwed.