I build homes for idiot rich degenerates. They just air bnb their second and third homes which ruins the market in my community and has effectively gutted it.
The developments they want to produce are in the 400’s. Nobody can afford them. No one is coming here to buy them.
The developers are friends with the scumbags who hold county seats. It’s a huge republican circle jerk. And the people who live here are so stupid they just do whatever the cocksuckers in office say.
A billion times to the quadrillionth power. Until the heat death of the universe, beyond the decay of protons and the evaporation of the last black hole in the degenerate era.
Shame they're going to get scapegoated as some evil mastermind when in reality all the major SFR companies use various 3rd party or proprietary platforms to aggregate comps off zillow, redfin and city data. They're all circle jerking their own values. Driving values up to the zestimate even if not a turnkey renovated home. And over time they have all brought the rent and sale values up to the absolute limit each market can possibly handle.
This shit is so much bigger than 1 company and nothing is being done to stop them. Landlords need to be taxed so fucking hard they are forced to sell off their portfolios.
One would think they could prevent price changes during the order process... This is just gouging for a little more money from the customer. I'd be surprised if they didn't do it systematically.
Bad business practice too. Are those few cents worth them considering not to choose BK next time? As well as everyone they show/post the picture they took to?
And her son wasn't the only one struggling. Jess received a call from her eldest daughter, who was complaining that her husband was going to have to quit his job to take care of their kids because of how expensive childcare was. They were spending more on daycare than what he was earning.
Burger King made a statement that they're not using surge pricing, rather they're reducing the cost during slow hours. Uh... That's surge pricing since they already raised the "regular" cost quite a lot.
My town has been pushing for affordable housing. After the complexes were approved the builders listed the units “for young professionals” starting in the low $500s. Totally out of range for most young adults. Anything the federal government does has some root in corporate profiteering.
And who owns these units? I see assistance for buying a home, great, but what's to stop corporations from picking these up? Even if they are apartments, what's to stop the owners from keeping costs artificially high for profit?
Housing Bubble 2: Return of the Ugly
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