Re:Investors bought a quarter of US homes sold last year
by TuringNYC on Tuesday August 23, 2022 @06:10PM
(#32572259)
>> “Everybody who moves into San Francisco wants to be the last person to move into San Francisco”.
Person moves to SF and puts down life savings as down-payment on 1:4 leveraged home...not a surprise they want to ensure they arent wiped out. A 20% decrease in value wipes out the life savings. The whole system is designed to perpetuate itsself.
Person moves to SF and puts down life savings as down-payment on 1:4 leveraged home...not a surprise they want to ensure they arent wiped out. A 20% decrease in value wipes out the life savings. The whole system is designed to perpetuate itsself.