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Not just with each other but if landlords and real estate companies far more wealthier then us, which inflate the demand to a level that doesn’t make any sense.
by mtrovo 7y ago
Not just with each other but if landlords and real estate companies far more wealthier then us, which inflate the demand to a level that doesn’t make any sense. That’s why even earning a top 5% salary you still can’t afford a home close to city centers.
- CalRobert 7y agoI don't really see how I'm competing with real estate companies and landlords, though. How exactly do they inflate demand for housing? I mean, if there's 5 properties for rent instead of sale in the example I gave you still have the same core problem. If 100 people need homes and you only have 50, then the people with the most money they can/want to spend on housing will get it. It's attenuated by the willingness of people to have roommates, move in with family (if around) etc. so there can be more latent demand than is immediately present. Even if you have no homeless but a whole city is 4 rich tech workers per 3 bed apartment, there's still plenty of demand.
- ciceryadam 7y agoThey don't inflate demand, they inflate pricing. To buy a house you are competing with all the peope + all the companies that see it as an investment opportunity.