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If only that how housing prices would have worked, take the number of homes in the country, divide by the number of citizens and if that results are greater tha
by ChuckNorris89 3y ago
If only that how housing prices would have worked, take the number of homes in the country, divide by the number of citizens and if that results are greater than 1 then everyone should have no problem affording to own their home.
But that's not how it works in our current reality. In the real world housing is a speculative asset, so every free home doesn't go to the homeless person who needs it, but to the financial institution who has bigger piles of money that that person, like BlackRock, who will added to their ever increasing portfolio and you will continue to be homeless because their piles of money will be bigger than yours and they can make more money renting that house to you.
Aint that great? /s