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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment

Re:Baby boomers are becoming homeless at a rate not seen sin... by Workaccount2 on Monday September 25, 2023 @12:20PM (#37646377)
These companies hardly exist, "evil corporations" is just super memeable and denizens of the internet will accept it as the answer to anything bad.

In reality, the economy has been booming for the "haves" and those people are the ones bidding up homes and pay $50k over asking with a 6.5% mortgage. Corporations don't care much for home rentals when treasuries are paying 5% with zero overhead and zero risk.

Sucks to be poor and sad to be poor and still eating the "evil corporations" delusion.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by mikrotikker on Monday September 25, 2023 @05:53PM (#37651247)
So BlackRock and Vanguard didn't buy up swathes of housing out competing individuals by offering above asking price and then rent or landbank that housing?
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Re:Baby boomers are becoming homeless at a rate not seen sin... by Workaccount2 on Tuesday September 26, 2023 @09:26AM (#37658960)
That was two years ago.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by mikrotikker on Monday October 02, 2023 @04:48PM (#37744209)
so?
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Re:Baby boomers are becoming homeless at a rate not seen sin... by HDThoreaun on Tuesday September 26, 2023 @11:05AM (#37660453)
Not to a level that would make them one of the main culprit's for the housing crisis, no.
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Re:Baby boomers are becoming homeless at a rate not seen sin... by mikrotikker on Monday October 02, 2023 @07:02PM (#37745624)
Do you have a source for that?
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Re:Baby boomers are becoming homeless at a rate not seen sin... by escapedmoose on Monday September 25, 2023 @09:06PM (#37653003)
The worrying part is that my friends aren’t “sad and poor” by any means. But they’re still regularly outbid (by huge margins) by these companies, which they then watch turn the properties into rentals. I don’t know what the larger trends are, but as my circle attempts to break into homeownership for the past 3 or 4 years, I am the only person who managed to dodge this trend (truly through luck alone) and remain the only homeowner.
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