this post was submitted on 23 Oct 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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They're not vacant, they're just waiting for better matket conditions (lemmy.world)
submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]
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[–] [email protected] 4 points 1 month ago (2 children)

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

[–] [email protected] 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

[–] [email protected] 6 points 1 month ago

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

[–] [email protected] 2 points 1 month 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.

[–] [email protected] 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!