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> large banks and the federal government artificially inflate property so that it's effectively banned from dropping in value. Tell that to Detroit homeowners
by jogjayr 9y ago
> large banks and the federal government artificially inflate property so that it's effectively banned from dropping in value.
Tell that to Detroit homeowners. An extreme case but no more than the the bit about rents you mentioned.
> And rental costs in every mid-size to major city go up 10-50% year-over-year forever.
Umm...did you mean 5-10%? If rents were really going up 50% year-over-year in every major city I would think we'd see way more investment in apartment housing; every investor would be licking their lips. SF !== every mid-size to major city in America after all.