Fried_out_Kombi@lemmy.worldM to Yes in my backyard!@lemmy.worldEnglish · 6 months ago[article] Opinion: Making housing more affordable means your home’s value is going to have to come downwww.theglobeandmail.comexternal-linkmessage-square17fedilinkarrow-up171arrow-down11file-text
arrow-up170arrow-down1external-link[article] Opinion: Making housing more affordable means your home’s value is going to have to come downwww.theglobeandmail.comFried_out_Kombi@lemmy.worldM to Yes in my backyard!@lemmy.worldEnglish · 6 months agomessage-square17fedilinkfile-text
minus-squareapplepie@kbin.sociallinkfedilinkarrow-up7·6 months agoMedian income to median price is out of sync since covid. Money changers and rent seekers acting like this the new normal but how long can unsustainable system keep going? Either “investors” just take over buying or price must match income.
minus-squarechicken@lemmy.dbzer0.comlinkfedilinkarrow-up3·6 months agoThink of it this way: real estate is a store of wealth. Ownership of wealth is concentrating. There are no economic forces working in favor of regular people being able to afford to own their own homes.
Median income to median price is out of sync since covid.
Money changers and rent seekers acting like this the new normal but how long can unsustainable system keep going?
Either “investors” just take over buying or price must match income.
Think of it this way: real estate is a store of wealth. Ownership of wealth is concentrating. There are no economic forces working in favor of regular people being able to afford to own their own homes.