That’s a lot to unpack there but very little evidence to support your position. And the next thing out of your mouth will likely be, the government should do something about this travesty.
By your logic, anyone who builds, markets and sells something is responsible for higher prices and in someway doing a disservice to the people who have no choice but to buy these things.
Builders are not unlike individuals....they like us, have to deal with rates and the overall regulatory environment in which it operates. We/they don’t control that environment, at least to the extent you claim.
Frankly you make it sound like home buyers are victims who have been preyed upon in every way.
And the next thing out of your mouth will likely be, the government should do something about this travesty....and that’s when folks like you make an A$$ out of yourself with assumptions.
Government shouldn’t be involved in any of it. Most importantly in the lending of money. That should all be up to the banks and how they look at a prospective lendee.
anyone who builds, markets and sells something is responsible for higher prices and in someway doing a disservice to the people who have no choice but to buy these things......NOPE....what I’m saying is the government, with their cheap money, allowed builders and realtors to use their positions to ridiculously inflate the values of their products. And folks, have no choice but to buy their snake oil.
Frankly you make it sound like home buyers are victims who have been preyed upon in every way.....that may be how you take it. Fine. But that is not the case. At the end of the day it is the buyer that is ultimately responsible for what they buy. If they want to bite the bullet on something that isn’t worth the sales price that’s on them.
Where’s the inventory?
Right now, outside Atlanta, a development is going up. Some type of mixed use thing that promises...get this....possibly 100,000 residents in the next 100 years if all goes well. Awesome, right? So the developers, get all their tax breaks, etc up front for something that may happen in 100 years.
One of the things that occurred leading up to this development was the purchase of a lot of farm land, along 316. Article written in a local paper detailing an interview with a person “familiar” with the deal....we didn’t tell the landowners what was the land was going to be for, so we could get the land cheaper.
So the government, real estate agents that helped broker the land deals, county zoning board and county government all conspired to “rip off” the local landowners.