SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 23 days agoBaby-boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.www.businessinsider.comexternal-linkmessage-square32fedilinkarrow-up1143arrow-down14
arrow-up1139arrow-down1external-linkBaby-boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.www.businessinsider.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 23 days agomessage-square32fedilink
minus-squareblindbunny@lemmy.mllinkfedilinkEnglisharrow-up3·23 days ago So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROl on said investment, Sounds like someone is going to have to take a loss. Or have squatters move in and cost them more in maintenance then it costs to sell.
minus-squareFlocklesscrow@lemm.eelinkfedilinkEnglisharrow-up5·edit-223 days agoThere are literally millions of empty houses across America. We don’t really have a Supply issue, so much as we have a profit issue.
minus-squareblindbunny@lemmy.mllinkfedilinkEnglisharrow-up3·23 days agoSounds like we need to start distributing homes and stop selling properties.
minus-squareFlocklesscrow@lemm.eelinkfedilinkEnglisharrow-up4·edit-223 days agoOh yeah, you should bring that up at the next BlackRock shareholders meeting.
minus-squareUltraGiGaGigantic@lemmy.mllinkfedilinkEnglisharrow-up4·22 days agoWe don’t need to go into the meeting. We just need to wait outside of it.
Sounds like someone is going to have to take a loss. Or have squatters move in and cost them more in maintenance then it costs to sell.
There are literally millions of empty houses across America.
We don’t really have a Supply issue, so much as we have a profit issue.
Sounds like we need to start distributing homes and stop selling properties.
Oh yeah, you should bring that up at the next BlackRock shareholders meeting.
Yeah ok squatting it is then.
We don’t need to go into the meeting. We just need to wait outside of it.