• hitmyspot@aussie.zone
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    2 days ago

    Sell all their homes to corporation in a reverse mortgage, so they get the cash now and the homes stay off the market for young people.

      • hitmyspot@aussie.zone
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        2 days ago

        A lot of the cash will go on healthcare. But a bunch will go on trips in retirement and other stuff…of course no wealth transfer any more except for the uber wealthy.

        It’s a case of the young no longer having a large sun of money at once to buy a house while also taking housing off the market. This reduces supply and demand keeping prices somewhat affordable for corps but out of reach for people. Renting is the new serfdom.

    • Scrubbles@poptalk.scrubbles.tech
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      1 day ago

      I mean, young people can’t afford their houses, at some point something’s gotta give, or yeah they’ll sell them to corporations.