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A comment on Investors bought a record share of U.S. homes in 2021. Parent comment

Re:Investors bought a record share of U.S. homes in 2021 by pydry on Thursday February 17, 2022 @12:08PM (#30375600)
Yeah, absolutely true.

A high interest rate with high wealth inequality just means that the wealthy suck wealth from the middle classes by lending out money instead of renting out property.

Either way you're still getting screwed it's just the delivery method that changes.

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Re:Investors bought a record share of U.S. homes in 2021 by dasil003 on Thursday February 17, 2022 @12:20PM (#30375819)
How are you quantifying this? I've spent most of my life very middle class and I always had to pay rent, but I only rarely had to borrow money.
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Re:Investors bought a record share of U.S. homes in 2021 by djbusby on Thursday February 17, 2022 @12:28PM (#30375952)
Rent is a payment to borrow property. Property = Capital.
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Re:Investors bought a record share of U.S. homes in 2021 by pydry on Thursday February 17, 2022 @12:40PM (#30376106)
My parents were similarly middle class. They bought an enormous asset on credit and spent ~4x its purchase value on interest payments. This was pretty normal back when interest rates were high.
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Re:Investors bought a record share of U.S. homes in 2021 by nemothekid on Thursday February 17, 2022 @12:40PM (#30376110)
Buying a house is usually done with a mortgage which is also borrowing money
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