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One insidious bit here is that as lower-income people are priced out by increasing rents , they can't even go downmarket because of things like this: Investors
by ctoth 4y ago
One insidious bit here is that as lower-income people are priced out by increasing rents , they can't even go downmarket because of things like this:
Investors Are Buying Mobile Home Parks. Residents Are Paying a Price
https://www.nytimes.com/2022/03/27/us/mobile-home-park-ownership-costs.html https://www.nytimes.com/2022/03/27/us/mobile-home-park-owner...
- bamboozled 4y agoThis is true, similar to what's going on in Australia. It used to be that you could move into a decent but affordable suburb, 2-3 hours from a major city. That's not really happening anymore for under 1M AUD. So even just "getting your foot in the door" is sort of out of reach for most people. Interesting times.
- vwoolf 4y agoThe major problem is the artificial limiting of the housing supply; let people build and this problem will be ameliorated. https://urbankchoze.blogspot.ca/2014/04/japanese-zoning.html https://urbankchoze.blogspot.ca/2014/04/japanese-zoning.html