@alphanerd4M to US Authoritarianism • 1 month agoHousing Crisisimagemessage-square172arrow-up1579arrow-down126file-textcross-posted to: housing_bubble_2
arrow-up1553arrow-down1imageHousing Crisis@alphanerd4M to US Authoritarianism • 1 month agomessage-square172file-textcross-posted to: housing_bubble_2
Fact Check Based on currently available numbers, there are about 31 vacant housing units for every homeless person in the U.S.
minus-square@Passerby6497linkEnglish11•1 month agoBecause a house today is worth less than a house years from now (probably). Housing is seen as an investment instead of a human need, so you can hold a bunch of them like tickets in the hopes that you can sell them for more later.
minus-square@ZMoneylink0•1 month agoAs long as banks keep printing money (which then becomes public debt), housing values will continue to rise along with all other financial assets.
Because a house today is worth less than a house years from now (probably). Housing is seen as an investment instead of a human need, so you can hold a bunch of them like tickets in the hopes that you can sell them for more later.
As long as banks keep printing money (which then becomes public debt), housing values will continue to rise along with all other financial assets.