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They're not vacant, they're just waiting for better matket conditions (lemmy.world)
submitted 4 days ago* (last edited 2 days ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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[-] UnderpantsWeevil@lemmy.world 3 points 3 days ago

Curious to know if they're counting buildings or units. Blackstone owning one ranch-style house would be very different than Blackstone owning a 500 unit tower block.

[-] FlyingSquid@lemmy.world 1 points 3 days ago

I don't know, IMO a home is a home. You can buy a condo just like you can buy a house. You can buy a condo bigger than some houses.

[-] UnderpantsWeevil@lemmy.world 1 points 3 days ago

A very big building holds more people than a very little building

[-] FlyingSquid@lemmy.world 2 points 3 days ago

What difference does that make? This is about housing prices, not capacity.

[-] UnderpantsWeevil@lemmy.world 1 points 3 days ago

The cost of housing isn't just the price of the unit. If you need to spend an extra $500/mo on the commute, plus random budget buster repairs, a "cheap" house can be less affordable than an "expensive" one.

[-] FlyingSquid@lemmy.world 1 points 3 days ago

Those things can both apply to a condo.

this post was submitted on 23 Oct 2024
673 points (98.0% liked)

Housing Bubble 2: Return of the Ugly

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