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> 1. Real estate prices in high traffic metros like Los Angeles and Houston will increase further because the return to clear skies from smoggy days and fresh a

> 1. Real estate prices in high traffic metros like Los Angeles and Houston will increase further because the return to clear skies from smoggy days and fresh air will be a bonus. Do you own real estate there or something? Are you aware that many people are homeless? Why is an increase in property values a good thing when it has never been more difficult and more expensive to buy a house than ever before? This increase is in large part due to the disgusting financialization of the housing market. A documentary called ‘Push’ (2019) does a great job at laying out all the facts, while at the same time showing the impacts of these changes on working class people the world over: https://youtube.com/watch?v=qWSVG9nsRa4 https://youtube.com/watch?v=qWSVG9nsRa4 For people in Europe or elsewhere you can use http://yt1s.com http://yt1s.com to download it if it’s region blocked. You can support the filmmakers and rent it too: https://vimeo.com/ondemand/pushthefilm https://vimeo.com/ondemand/pushthefilm

itsoktocry 6y ago
>This increase is in large part due to the disgusting financialization of the housing market. Greed, period. Owning an investment property is seen as easy money. When I was a kid it was essentially unheard of to own a second property for rent. Now a substantial number of people I work around own one (or more) rental properties. I know "just a guy" that owns 5 AirBNB condos he rents for $250-300 per night in the summer season, that sit vacant the rest of the year. I have no idea why we allowed this to happen.
- Pokepokalypse 6y ago
  > Owning an investment property is seen as easy money. Sure beats working for it.
- BMorearty 6y ago
  > When I was a kid it was essentially unheard of to own a second property for rent. Sorry but that’s flat-out wrong. Owning a second property for rent has always been a thing. How would you have known, you were a kid! Case in point: my family was middle class. My parents were a college professor (new grad from graduate school, not a big deal) and a stay-at-home mom, living in suburban America. They owned a second property for rent. I didn’t even know until 20 years later that they had owned it! Lest you think I’m some kid who grew up in the 00’s: no, I grew up in the 60s and 70s.

itsoktocry 6y ago

>This increase is in large part due to the disgusting financialization of the housing market. Greed, period. Owning an investment property is seen as easy money. When I was a kid it was essentially unheard of to own a second property for rent. Now a substantial number of people I work around own one (or more) rental properties. I know "just a guy" that owns 5 AirBNB condos he rents for $250-300 per night in the summer season, that sit vacant the rest of the year. I have no idea why we allowed this to happen.

Pokepokalypse 6y ago
> Owning an investment property is seen as easy money. Sure beats working for it.
BMorearty 6y ago
> When I was a kid it was essentially unheard of to own a second property for rent. Sorry but that’s flat-out wrong. Owning a second property for rent has always been a thing. How would you have known, you were a kid! Case in point: my family was middle class. My parents were a college professor (new grad from graduate school, not a big deal) and a stay-at-home mom, living in suburban America. They owned a second property for rent. I didn’t even know until 20 years later that they had owned it! Lest you think I’m some kid who grew up in the 00’s: no, I grew up in the 60s and 70s.