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jmbar2

(7,959 posts)

3. A bigger problem is that existing homes are being snatched up by investors and hedge funds

Sun Apr 18, 2021, 01:33 PM

Apr 2021

In the search for profits, they have gone from financializing commercial real estate to farm land, trailer parks, apartments, and now individual homes.

Zillow now has a feature that if you want to sell your home, they'll buy it. Several other companies are advertising the same service - buying up properties before they ever hit the market.

I fear that the financialization of housing is creating a state of modern vassalage. The costs of housing have far outstripped the wages of working folks who weren't lucky enough to buy a home before the prices surged.

I hope something can be done about it.

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You hear so much about many Americans not being able to buy a house these days... [View all] raccoon Apr 2021 OP

Does everyone have to have Diamond_Dog Apr 2021 #1

Right? CrispyQ Apr 2021 #7

IKR? Diamond_Dog Apr 2021 #10

Don't mistake HGTV are being realistic or as an example of real housebuyers. FSogol Apr 2021 #23

Whatever happened to buying a "starter home" and working your way up? Mariana Apr 2021 #17

Few new small homes are being built, but there are still lots of OLD small homes. pnwmom Apr 2021 #18

Are the old small homes generally going unsold in your part of the world? Mariana Apr 2021 #19

Homes of every size/age are being snapped up. Last I heard, the Seattle area was the hottest area pnwmom Apr 2021 #20

The market is so crazy here that real estate agents go door to door asking if you want to sell. FSogol Apr 2021 #24

Because housing busts and economic meltdowns AwakeAtLast Apr 2021 #26

"Starter" houses are in short supply. Ocelot II Apr 2021 #2

Jacksonville NC I find used houses for sale under $125,000 but everyone seems to want a new one. marie999 Apr 2021 #9

IOW - developers are making bigger houses because people want to buy them? brooklynite Apr 2021 #15

Much as people like vehicles with worsening gas mileage. LanternWaste Apr 2021 #21

I looked at some new construction houses recently and was surprised to find the crap construction Midnight Writer Apr 2021 #11

A bigger problem is that existing homes are being snatched up by investors and hedge funds jmbar2 Apr 2021 #3

I get at least two notices a week that XYZ wants to buy our place, etc., and we don't have to fix or SWBTATTReg Apr 2021 #8

Yes! Homes have become financial instruments KT2000 Apr 2021 #14

Yes. Its gone from... Xolodno Apr 2021 #29

I've been looking for a condo or an apt because houses are just too big. LonePirate Apr 2021 #4

Unfortunately this is going to accelerate Johnny2X2X Apr 2021 #5

Even small houses are expensive here. ananda Apr 2021 #6

a lot of the houses I grew up in were two bedroom houses and my parents had 4 kids. demigoddess Apr 2021 #12

it's cheaper to build McMansions stopdiggin Apr 2021 #13

The Houses that Can't be Built in America - The Missing Middle Yavin4 Apr 2021 #16

great video Celerity Apr 2021 #28

This is an excellent video. hunter Apr 2021 #30

Low density living areas puts a strain on our infrastructure. Yavin4 Apr 2021 #34

This cagefreesoylentgreen Apr 2021 #35

KCMO Myhouse is 750 sq. Ft. No basement. No garage. leftyladyfrommo Apr 2021 #22

I had looked on and off for a small mnhtnbb Apr 2021 #25

My current house is 1600 finished square feet Wingus Dingus Apr 2021 #27

In many parts of California even small houses in horrible condition are very expensive JI7 Apr 2021 #31

This is not a bubble Johnny2X2X Apr 2021 #32

There was a real estate segment on the news the other night, Tracer Apr 2021 #33