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this post was submitted on 17 Jan 2024
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Exactly. My parents are boomers and own one house. But my sister and her son live with them, so they are utilizing their space.
It's the corporations that own several rentals, complexes, etc that drive rent and house prices up. Can't compete with their practices .
I read the disaster insurance in some states are so outrageous or even unobtainable, so private citizens can’t even get a mortgage (no insurance, no loan) anymore-assuming they could afford one to begin with. The only ones who can afford to outright buy in some places are corporations and foreign interests. It’s fucking trash.