this post was submitted on 03 Jul 2024
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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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[–] [email protected] 4 points 1 month ago (1 children)

If housing were cheap why wouldn't renters just by or go into co ops.

[–] [email protected] 2 points 1 month ago (2 children)

Owning a house takes a lot of money that renters don't necessarily have

[–] [email protected] 3 points 1 month ago

And take a wild guess about why they don't have that money

[–] [email protected] 1 points 1 month ago

It wouldn't take lots of money of there were no landlords. The average home takes only 300 labor hours to build. Homes are expensive because of the rent can pull in, not because they're expensive to build.