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Planet Sandwich@planetsandwich.bsky.social |
There’s a whole additional layer that makes this even worse: the housing market is now an investment vehicle, as a speculative financial market, not just for landlords buying properties to have working class people pay off their mortgages, in what are essentially pump and dump schemes, but for homes
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Planet Sandwich
@planetsandwich.bsky.social
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The price of housing keeps climbing because homes keep being bought, flipped, and then sold for 2x as much 6 months later. Those inflated prices give landlords cover to jack rents way up, so renting stays more expensive than buying, and hardly anybody can save a down payment to buy.
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