this post was submitted on 23 Oct 2024
675 points (98.0% liked)

Housing Bubble 2: Return of the Ugly

321 readers
46 users here now

A community for discussing and documenting the second great housing bubble.

founded 6 months ago
MODERATORS
SeattleRain@lemmy.world
675
They're not vacant, they're just waiting for better matket conditions (lemmy.world)
submitted 1 month ago* (last edited 4 weeks ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
89 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Fiivemacs@lemmy.ca 4 points 1 month ago (2 children)

Be a shame if someone burned em all down and we all just started over.

[–] glimse@lemmy.world 9 points 1 month ago (2 children)

You mean if someone burned them down and blackrock got an insurance payout valued higher at the homes were worth allowing them to build lower quality replacements and rent it out at an even higher price to people because it's new and driving the average home price even higher? Yeah, that would be a shame

[–] morrowind@lemmy.ml 6 points 1 month ago

Meanwhile insurance prices go up for everyone else, and housing supply goes down, making cost of housing higher still

[–] Ultraviolet@lemmy.world 2 points 4 weeks ago

If it was a one time thing, sure, but if unoccupied properties had a meaningfully higher risk of arson to the point where it's priced into insurance, there would be less of an incentive to hoard housing.

[–] Lost_My_Mind@lemmy.world 2 points 1 month ago (1 children)

I mean you SAY shame......I would feel shame.....

Hey, we got any pyromaniacs in the house? We got a thing to do!