Housing Bubble 2: Return of the Ugly

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

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SeattleRain@lemmy.world

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They're not vacant, they're just waiting for better matket conditions (lemmy.world)

submitted 3 days ago* (last edited 1 day ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[–] UnderpantsWeevil@lemmy.world 3 points 2 days ago (1 children)

Curious to know if they're counting buildings or units. Blackstone owning one ranch-style house would be very different than Blackstone owning a 500 unit tower block.

[–] FlyingSquid@lemmy.world 1 points 2 days ago (1 children)

I don't know, IMO a home is a home. You can buy a condo just like you can buy a house. You can buy a condo bigger than some houses.

[–] UnderpantsWeevil@lemmy.world 1 points 2 days ago (1 children)

A very big building holds more people than a very little building

[–] FlyingSquid@lemmy.world 2 points 2 days ago (1 children)

What difference does that make? This is about housing prices, not capacity.

[–] UnderpantsWeevil@lemmy.world 1 points 2 days ago (1 children)

The cost of housing isn't just the price of the unit. If you need to spend an extra $500/mo on the commute, plus random budget buster repairs, a "cheap" house can be less affordable than an "expensive" one.

[–] FlyingSquid@lemmy.world 1 points 2 days ago

Those things can both apply to a condo.