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

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People living alone and cohabitation growing. (lemmy.world)

submitted 5 months ago* (last edited 5 months ago) by SeattleRain to c/housing_bubble_2

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[–] SeattleRain 13 points 5 months ago (1 children)

The housing crisis is bring caused by investors. Full stop.

[–] [email protected] 4 points 5 months ago* (last edited 5 months ago) (1 children)

There's clearly a lot of factors that contribute to it, the number of people able/allowed to live in denser housing arrangements being one of them. That doesn't discount the role of capital and wealth inequality.

[–] SeattleRain 4 points 5 months ago (1 children)

There's really not. Exotic mortgages are being hidden by private equity offer DSCRs. As well as AirBnBs deregulating the hotel industry. The number of people in the US didn't increase. And yes COVID caused building to stop for a year but that doesn't explain a 40% price jump 4 years later.

[–] [email protected] 2 points 5 months ago

None of this seems like an argument that there is one and only one reason and I don't see what any of it it has to do with grouped together use of housing in particular. I feel like people are just dogmatic about their pet cause being the one true one because they believe in the political implications of the narrative and not letting the 'other side' influence it.