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All I see is the price of real estate being driven up Who is doing the selling? "Wall St Fat cat Co" or the average Joe who saw his house value go up by a LOT?
by nova22033 5y ago
All I see is the price of real estate being driven up
Who is doing the selling? "Wall St Fat cat Co" or the average Joe who saw his house value go up by a LOT?
- evan_ 5y agoWhen Conglomocorp sells one of their houses, they just get the cash and can realize profits. When average homeowner Joe sells their house they still have to live somewhere. They must immediately use that money for another house, which is also inflated. The higher sale price doesn’t matter. Average non-homeowner Joe trying to buy a first house is SOL.