Yes they are ridiculous. RTP pays well I guess. Even tiny starter homes start in the “bargain” range of “high 300s”. Blackrock and their ilk are buying here to rent out homes but even rentals requires someone to have a great income.
I’ll be busy most of the day. If anything massive happens, I appreciate pings!
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or gummit supplemented rent or “rent to own”
Something needs to be done about the institutional holding of single family homes. Normally I’m loathe to consider any type of market interfering legislation but it’s been banking/financial institution and FED interference that has created this mess and state and local governments facilitate it by becoming addicted to the tax base the “rising value” creates.
I’d be all for full collapse, and the forced disgorgement of at least all the single family units held by institutional investment houses. I KNOW that’s gonna hurt, but getting back to realistic valuations and being in a position where a family with one earner can purchase a place to live in the ~3-5 year salary/wage range will go very far in restoring the Republic...