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The amount of people justifying this ridiculous housing bubble is disgusting.
So much love for landlords in this thread, on lemmy of all fucking places.
Because many users here are landlords themselves, obviously. My theory is that since many Lemmy users are IT workers, have been working for many years, many of whom are middle aged, and they make lots of money in contrast to other professions, they could easily afford a house. I have an IT friend who bought a house 5 years after he started his first job after graduation. Here in Ireland, one of the reasons for Dublin's extortionate house prices and rent is because of the tech sector. Some IT employees from the United States come over for business trip and rent some accommodations for few days. Dublin is also trying to be the "Silicon Valley" of Ireland and since landlords know how much IT workers make, they could easily increase the rent.