Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

But Regan said... (lemmy.world)

submitted 6 months ago by SeattleRain to c/housing_bubble_2

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[–] ASeriesOfPoorChoices 1 points 6 months ago

yep. where I am, materials+labor are up about 30% -50% since 2019/2020, which has really hurt local government too. All those basic plans for a new local sports centre? local roadworks and improvements? Now local taxes/rates have to go up AND we get less for our money.

Plus, thanks to people paying up front / fixed contract amounts for building, with materials increasing so much, thousands of building companies have collapsed, meaning tens of thousands of houses aren't being built, meaning the housing crisis gets worse! yay!