U.S. house prices are rising exponentially faster than income

Re:U.S. house prices are rising exponentially faster than in... by verisimi on Saturday October 30, 2021 @10:59AM (#29049287)

Why use 'we'? What is it that you did?

If you have Blackrock and Vanguard buying up 20% of homes in the US at above market rates, that would do it.

[ Parent | on HN ]

Re:U.S. house prices are rising exponentially faster than in... by closeparen on Saturday October 30, 2021 @01:32PM (#29050611)

Owning houses is a ridiculously profitable opportunity. Ridiculously profitable opportunities don’t get left lying around. That’s rather the point of capitalism.

What “you” did is oppose higher-density construction, which means the homes that exist today are the homes everyone in the future has to compete for, if they want to live near population centers. NIMBYism makes the profit that attracts the sharks.

[ Parent | on HN ]

Re:U.S. house prices are rising exponentially faster than in... by pgwhalen on Saturday October 30, 2021 @03:51PM (#29051811)

My understanding is these types of investors own less than 1% of homes in the US. Is that not true?

[ Parent | on HN ]