Elevated prices and high borrowing costs for home loans have depressed demand for homes.
  • cerement@slrpnk.netEnglish
    50·
    6 days ago

    all together now: “cut back on the daily lattes, skip the avocado toast, lift yourselves up by your bootstraps”

    • glimse@lemmy.worldEnglish
      12·
      5 days ago

      …I think you’re confusing realtors with landlords. Realtors help you buy and sell homes, they don’t buy homes then rent them out. At least not as a part of being a realtor

      • Lightor@lemmy.worldEnglish
        10·
        5 days ago

        I work in tech around property preservation. The SFR (single family rental) has boomed to the point where it has evolved into a new market, BTR (built to rent). Real estate companies are buying tons of viable land for real estate and building homes they will never sell. They’ve realized they make more money, that scales with inflation, by never selling homes. So while I get your distinction, the problem is very real, there is nothing for them to sell or for people to buy.

          • Lightor@lemmy.worldEnglish
            2·
            5 days ago

            That’s fair, I suppose the point I was getting at with that is that it’s putting pressure on buyers, sellers, and realtors.

            • glimse@lemmy.worldEnglish
              3·
              5 days ago

              There will always be a need for rentals but I am wholly against corporatized housing. I think the only people who should own homes are individuals, non-primary homes should be heavily taxed, and there should be a hard limit on how many buildings anyone can own.

              Housing should not be an “investment opportunity.” People shouldn’t be able to buy houses just to rent them out.

              • Lightor@lemmy.worldEnglish
                2·
                5 days ago

                I think the only people who should own homes are individuals

                This so hard!

                I %100 feel like this is more of the same: corporations controlling basic needs to extract every dollar they can from people. Renting makes sense, if you can’t afford a home you can at least have a place in the intrum. But with companies controlling the entire housing market, this is textbook late-stage capitalism when you don’t have a choice. No longer is there competition, they are all working together.

                • glimse@lemmy.worldEnglish
                  1·
                  5 days ago

                  Yeah… it’s all super fucked. I just sold my condo (short sale during the last collapse) and am staying with family in the meantime but I am struggling to find a house that won’t cost 2/3 of my above-average income. I have a 180k down payment to offer. Prices are that insane by me.

                  I feel guilty saying it because innocent people will suffer…but I am praying for another collapse. Or at least for homes to go back to normal prices.

      • barsquid@lemmy.worldEnglish
        21·
        5 days ago

        I and many others don’t really agree with the compensation realtors are receiving. And the national organization is trying their best to make it a racket.

        • glimse@lemmy.worldEnglish
          21·
          5 days ago

          That’s fine but it’s incorrect to call them “rent-seeking” leeches. If you are renting, you have a landlord - not a realtor

  • TommySoda@lemmy.worldEnglish
    8·
    6 days ago

    Well, I mean at this rate I’ll be able to afford a house by using my retirement money. As long as I keep a part time job until I die.

  • Raiderkev@lemmy.worldEnglish
    3·
    5 days ago

    Maybe they should tell their clients to drop price so the monthly payment is in line with what it would have been when rates were low? No, surely they just aren’t hustling hard enough.