4 ms·

People treating houses as investment vehicles are a big reason why the housing market is so awful for people looking to buy their first home.

• SavantIdiot 5y ago
  /Raises finger/ sighs /Lowers finger/ Yeah, I'm part of the problem, but I'm also scared of getting fucked. I'm approaching my 60's and have The Fear. So I'm doing this "every man for himself" thing, because buying an investment property doesn't have a face associated with it, like mugging someone. I'm conflicted, but also worried for the future.
  • HarryHirsch 5y ago
    At least you aren't running an AirBnB. Not too long ago, I started a new job and quit within the week because the housing market in the area was completely oversubscribed. You couldn't even find a bedsit within driving distance in a month's time. Some lady I was suggested to speak to had an AirBnB. Her suggestion was to live in the back of a U-haul truck while looking for something more permanent. The revolution can't come soon enough.
    • mupuff1234 5y ago
      It's sad, but I think the only way out would involve violence/riots. The system is just so incredibly inhuman - you have working class people commuting hours / working 2 shifts and barely being able to afford housing, while others just hoard houses and profit. It's all just one big sad Monopoly game.