🏡 Home Prices Surge To New All-Time High Despite Soaring Mortgage Rates 📈
(media.patriots.win)
🖕 FUCK JOE BIDEN 🖕
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (12)
sorted by:
Nobody is taking out loans on houses right now given the insane interest rates, but there are a ton of boomers and landleeches (or aspiring landleeches) that are able to pay cash for single family homes. Hence, demand (and price) are still increasing, while housing supply is largely inelastic (or even declining in some areas).
The solution? Universal housing and property rights. Sorry that won't be a popular opinion on here among the boomers and landleeches who's entire net worth is tied up in real estate, but if you want your grandchildren to have any modicum of social stability, it has to happen.
What does this even mean?
It means that if you do not have a dwelling, one will be provided to you. All property will be held in common and distributed equitably. Of course, you'll be allowed to keep whatever existing dwelling you're occupying, but all investment properties would be turned over to the state and enter the common pool of property. I say this as someone who has over $1M in real estate equity btw (primary+vacation homes).