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> Its only a good investment because supply is severely limited by the government. The entire American Midwest exists, and proves this point severely wrong. Su
by maxsilver 2y ago
> Its only a good investment because supply is severely limited by the government.
The entire American Midwest exists, and proves this point severely wrong. Supply can be infinite and unlimited, and it's still profitable for companies to exploit housing.
- HDThoreaun 2y agoCorporations arent buying housing in the vast midwest for this exact reason. We need housing where people want to be.
- maxsilver 2y ago> Corporations arent buying housing in the vast midwest for this exact reason Except they are buying lots of housing. Even in nothingsville-small-city Midwest, we're experiencing exploding housing prices, despite no real barriers to construction at all.
- bombcar 2y agoThere was a basically "one-time burst" where prices rose to match the nearby cities as covid allowed people to escape, but prices are definitely plateauing if not cooling off, and once builders build through their backlog we will see some serious competition (I've noticed builders already offering "free upgrades" which is how they first do price cuts).