Yeah. The huge price increases and then the huge interest rates means that people wanting a house and people needing loans are shit out of luck unless they want to risk being underwater if there’s a crash or being unable to afford a mortgage or need to refinance.
It doesn’t really hurt corporations, though. Since their intent is to rent homes forever, they can buy at above market rates and take a hit to ensure there’s no other recourse for home buyers.
Corporate home sales also don’t use home loans for purchasing, which anyone who has been house shopping in the last few years can tell you when asked about competing against cash offers from private buyers. Those private buyers are corporate buying agents who put the house on the rental market.
Yeah. The huge price increases and then the huge interest rates means that people wanting a house and people needing loans are shit out of luck unless they want to risk being underwater if there’s a crash or being unable to afford a mortgage or need to refinance.
It doesn’t really hurt corporations, though. Since their intent is to rent homes forever, they can buy at above market rates and take a hit to ensure there’s no other recourse for home buyers.
Corporate home sales also don’t use home loans for purchasing, which anyone who has been house shopping in the last few years can tell you when asked about competing against cash offers from private buyers. Those private buyers are corporate buying agents who put the house on the rental market.
“You will own nothing and be happy”*