I look at houses on Zillow all the time. I recently found a house on <7500 sqf lot, 3 bedrooms, 2 baths and 1600 sqf for $280k. You just have to pretend you don’t notice the caved in roof, the holes in the walls, the black spots on the frame that are likely black mold and missing sinks and toilets. It’s uninhabitable but described as a “fixer upper”
This all had me thinking a lot about how this was all planned and how the years of low interest rates, big corporations buying up all the houses, lack of new homes and the price jump. Now that many people got locked into houses at very high prices, lots of their net worth is in their homes. Now would be a great time for them to crash it, make people desperate and then have them sell to the corporations who will then rent to them. Seems all planned, I don't think in any reality small old houses are $2mill on the coasts and stuff. Midwest prices pre covid show how much houses should cost in reality. I'm glad I got a very cheap house but I don't know when I could upgrade to bigger cause things don't look good unless I get land and build.
Like Carter's Malaise...just have to pleasure defer a couple years till the bubble pops
I look at houses on Zillow all the time. I recently found a house on <7500 sqf lot, 3 bedrooms, 2 baths and 1600 sqf for $280k. You just have to pretend you don’t notice the caved in roof, the holes in the walls, the black spots on the frame that are likely black mold and missing sinks and toilets. It’s uninhabitable but described as a “fixer upper”
...sadly true...
This all had me thinking a lot about how this was all planned and how the years of low interest rates, big corporations buying up all the houses, lack of new homes and the price jump. Now that many people got locked into houses at very high prices, lots of their net worth is in their homes. Now would be a great time for them to crash it, make people desperate and then have them sell to the corporations who will then rent to them. Seems all planned, I don't think in any reality small old houses are $2mill on the coasts and stuff. Midwest prices pre covid show how much houses should cost in reality. I'm glad I got a very cheap house but I don't know when I could upgrade to bigger cause things don't look good unless I get land and build.
...valid observations, nicely stated...