Quote:
Originally Posted by chedder
If you don't allow investment in residential real estate, how do you have rental properties? Not everyone can or wants to own a home.
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No one is saying no investment, but you have large money funds buying homes at an unprecedented rate. To these funds throwing money over ask isn’t a big deal. Its buying an asset, unlike you who pays from savings.
Its a problem in the US.
https://www.cnbc.com/amp/2023/02/21/...-for-rent.html
Honestly no sweat off my nose. I bought in 2004 in Eau Claire for 215K condo. Sold my way up to today. In theory my family is fine.
Yet my brother likely will never own a home if he wants. No choice with these prices. Many others like him. All that does is hurt society, with people having no skin in their local community, and broke from rental they’ll lose in an instant.