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A comment on Homes in 97% of U.S. cities are overvalued, Moody's says. Parent comment

Re:Homes in 97% of U.S. cities are overvalued, Moody's says by s5300 on Thursday May 05, 2022 @09:28PM (#31280197)
Not when you have a populace that is by definition average & in need of a place to live/start a family, but have an external investor class of the foreign ultra rich or Wall street douche canoes buying everything up because fuck you & they can.

Crazy if you believe most of our nation should be essentially indentured servants for basic housing.

Something like that, I think.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by tryptophan on Friday May 06, 2022 @01:35AM (#31281668)
Its the Cantillon effect.

https://river.com/learn/terms/c/cantillon-effect/

Banks will loan some people billions at rates half of which they would give you, if they even gave you a loan. Thus they can buy everything for inflated prices.

We need to end the fed.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by fennecfoxen on Thursday May 05, 2022 @11:11PM (#31280868)
"essentially indentured servants" is a bit rhetorically distracting, don't you think? Let's pin that down. What's a reasonable amount of work that a human should be expected to do to live? Not just housing, but food, and whatever else.
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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by mistrial9 on Thursday May 05, 2022 @10:42PM (#31280689)
some economic theorists take this seriously -- BlackRock is Buying Houses made a large headline in daily news here.
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