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When 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 li
by evan_ 5y ago
When 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.