Posted on 04/09/2023 5:18:26 AM PDT by cutty
Create a worldwide pandemic
Hand out rent moratoriums to RENTERS
Freeze rents
Hold landlords & banks hostage for mortgage payments
Cripple the entire mortgage/rental industry with ‘rules’.
Doesn’t take long for landlords to QUIT
That’s what I was guessing. My property is in Wewahitchka and there’s not much happening there, thank goodness.
I’m sure you’re right about what’s coming. Sickening.
Somebody who understands economics! You are a true unicorn on Free Republic
Yes, you are completely correct. This story is about apartment complexes whose units are rented, and about the entire apartment complex being bought.
Nothing to do w individual condos.
For every buyer there is a seller?
So is this REALLY bad news?
Is it even News?
The ultimate liberal dream is to have the power to dictate where people live.
Do nearly no Freepers read past the headlines?
Here’s the reason why
“Over the past six months, however, rents have plateaued while the Fed has continually hiked interest rates, making it more difficult to finance real estate purchases. Because of the increase in liquidity during the pandemic, many buyers acquired their properties at record-high prices, making it especially difficult to now sell off the assets.”
Simple economics and financial logic.
Which are hard to grasp for all too many
I’ll bet nobody has bought a home at a “hyper inflated price” in any of those markets since World War II.
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