[packagingguy]

As you already know large corporations, including ones using Federal money, are buying up large parts of America's residential real estate. If you live in a "difficult" city with high crime, rental neighborhoods quickly become very unsafe areas to live. Many will devolve into enormous ghettos. Now how good of an investment is that?

[struggle]

3.5 million properties in foreclosure and 2.2 seriously delinquent.

It’s going to crash in October.

[Pollard]

You call that an excerpt?

[I want the USA back]

Uhhhhh, all property is owned by someone. If not by the citizens, then by the government, and that would be communism.

[qaz123]

WTF is wrong with these people? Their Leftism is making them insane.

[GOP Poet]

bookmark

[aquila48]

This is BS. The reason for the high home prices is the record low interest rates causing more demand from people who are currently paying high rents. Simple supply and demand.

Because of that rents are going down in many places especially the high rent districts. San Francisco rents are down almost 30%.

If interest rates start going up (and they will) the demand from buyers will decrease and prices will stabilize or drop.

The low interest rates are mainly due to the virus as both the fed and the government injectected trillions into the economy to keep it from crashing during the plague.

[a fool in paradise]

Higher property taxes for municipal projects and rental income for well-heeled retirees.

[dfwgator]

Council Estates for Everyone!

[syriacus]

Maybe Leftists want us to develop a system like more like Council Housing, than like our poorly-regarded public housing system.

That way the Government would strengthen its control over citizens.

https://www.gov.uk/council-housing

“Councils decide who gets offered housing based on a ‘points’ or ‘banding’ system.”

[The Unknown Republican]

Yay for Feudalism!!!!

Who knew that we would be on the cusp of a return to sharecropping in only two generations! Yippee!!!

[jonascord]

What's the big mystery?

Did the occupants of the monolithic Soviet apartment blocks, built next to their factories OWN their homes?

The Proletariat have no right to do anything except to labor for the State.

[Pining_4_TX]

The reason some rentals go bad is due to government paying landlords Section 8 money.

Most people should be renters until they are financially ready to own and accept all the responsibilities of owning a property. Most foreclosures are due to people buying more house than they can afford.

You never really own anything anyway. You are always renting from the government in the form of property taxes.

In short, there is nothing wrong with renting, contrary to what the National Association of Realtors would have us believe.

[millenial4freedom]

Yep, thanks Saint Powell and Saint Yellen for turning complete sh*tboxes into $500k nightmares which China swoop in and claim like vultures!!