With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.
  • AutistoMephisto@lemmy.world
    0·
    1 month ago

    Well, yeah. “House” no longer means “Place where people live”. It’s now defined as “long-term investment/passive income generator”.

    • Phoenicianpirate@lemm.eeEnglish
      1·
      1 month ago

      Exactly. Which is why so many super expensive houses are actually fucking run down in run down shit neighborhoods.

      I rarely agree with dictators, but when Xi xing ping said that houses are for living and not speculation he damn well was right.