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I got a sense from your comment, and the one you replied to that the problem was that the wealthy were buying the housing, rather that only the wealthy could bu
by genocidicbunny 3y ago
I got a sense from your comment, and the one you replied to that the problem was that the wealthy were buying the housing, rather that only the wealthy could buy the housing. I admit I may have read into your comment a bit much.
- TeMPOraL 3y ago> the problem was that the wealthy were buying the housing, rather that only the wealthy could buy the housing Those are actually the same problem. The wealthy can buy housing faster, more decisively than the less wealthy. They may also push out the less wealthy, simply by offering them an above market price. And as the wealthy start to buy up housing in an area, the prices start to go up, and soon become high enough that only the wealthy can buy.