• @gingersneak@lemmy.world
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    41 year ago

    A 2000 sq ft 3 bed 2 bath in a good neighborhood goes for about that where I live, which is known to be in the lower CoL part of the country. The reason shit is so fucked up is that our overlords at huge mutual funds like Blackrock have bought up all the houses so that they can rent them to serfs and collect perpetual income for almost no risk.

    • @SCB@lemmy.world
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      1 year ago

      known to be in the lower CoL part of the country

      Lol no it is not. I’m not sure why you’d want to pretend it is.

      I actually live in a moderate CoL area and am a homeowner. I could sell my house right now and buy a house not 20 miles away for about half what my current house is worth, which is also not half a million fucking dollars.

      Do you know how insane this sounds to someone from “flyover country?”

      There’s an entire neighborhood going up near me in the 200s. Amazing school system, right outside the city, easy access to parks/lakes/what have you.

      the reason is Blackrock

      Lol no it is not. It is because we restrict what housing can be built where and thus have insufficient housing.