Lee Duna@lemmy.nz to Climate Crisis, Biosphere & Societal Collapse@sopuli.xyzEnglish · 13 hours ago‘I feel trapped’: how home ownership has become a nightmare for many Americanswww.theguardian.comexternal-linkmessage-square16fedilinkarrow-up155arrow-down11
arrow-up154arrow-down1external-link‘I feel trapped’: how home ownership has become a nightmare for many Americanswww.theguardian.comLee Duna@lemmy.nz to Climate Crisis, Biosphere & Societal Collapse@sopuli.xyzEnglish · 13 hours agomessage-square16fedilink
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkEnglisharrow-up16·11 hours agoThe housing market isn’t crashing as long as there’s considerable corporate ownership of single-family residences. They strategically list and sell properties to juggle neighborhood prices while maximizing profit.
minus-squareNum10ck@lemmy.worldlinkfedilinkEnglisharrow-up8·11 hours agothe giant corporate home owners have started liquidating their positions at 25% below market, especially in Florida and Georgia.
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkEnglisharrow-up5·11 hours agoThat’s good to hear. Prices are still insane in NY, and if you filter by “for sale by owner,” you lose most of the results.
minus-squarekudra@sh.itjust.workslinkfedilinkEnglisharrow-up2·8 hours agoNot really good for the people buying in those areas that will soon be uninsurable because of climate risk.
The housing market isn’t crashing as long as there’s considerable corporate ownership of single-family residences. They strategically list and sell properties to juggle neighborhood prices while maximizing profit.
the giant corporate home owners have started liquidating their positions at 25% below market, especially in Florida and Georgia.
That’s good to hear. Prices are still insane in NY, and if you filter by “for sale by owner,” you lose most of the results.
Not really good for the people buying in those areas that will soon be uninsurable because of climate risk.