Meanwhile, every house near me is selling for 500K minimum, and the new ones they're building have waiting lists and lotteries. Where the fuck are all these people getting this money?
People fleeing from California selling their shacks for >1mil and coming to “fly over” states, outbidding the locals by far a d pocketing the difference.
And it's Blackrock buying all of those milly+ homes in California.
That's going to be a terrible investment when either a) none of us ever move back to California, or b) the market resolves itself and homes are affordable again (so their dystopia of renting only never comes about).
Meanwhile, every house near me is selling for 500K minimum, and the new ones they're building have waiting lists and lotteries. Where the fuck are all these people getting this money?
People fleeing from California selling their shacks for >1mil and coming to “fly over” states, outbidding the locals by far a d pocketing the difference.
And it's Blackrock buying all of those milly+ homes in California.
That's going to be a terrible investment when either a) none of us ever move back to California, or b) the market resolves itself and homes are affordable again (so their dystopia of renting only never comes about).