Sell to whom? Too many live in large properties with land that has appreciated to the point that very, very few young people can entertain purchasing. So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROI on said investment, which usually means building “luxury homes” or whatever, which are also beyond the financial means of most younger people.
That’s fine, they’re going to loose their social security then they’ll have to sale to retire.
Sell to whom? Too many live in large properties with land that has appreciated to the point that very, very few young people can entertain purchasing. So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROI on said investment, which usually means building “luxury homes” or whatever, which are also beyond the financial means of most younger people.
Sounds like someone is going to have to take a loss. Or have squatters move in and cost them more in maintenance then it costs to sell.
There are literally millions of empty houses across America.
We don’t really have a Supply issue, so much as we have a profit issue.
Sounds like we need to start distributing homes and stop selling properties.
Oh yeah, you should bring that up at the next BlackRock shareholders meeting.
Yeah ok squatting it is then.
We don’t need to go into the meeting. We just need to wait outside of it.