∞∞∞ wrote:CID1990 wrote:
Aren’t you the one bitching about the ones who want the big house/yard and multiple cars?
Nobody’s scolding you about the digs you like.
No, I scold those who own multiple homes and use them as investment properties which drive up neighborhood prices and make home ownership unobtainable for people. And the snowball effect is that developers see this and end up abandoning the entry-level market.
Don't hate the player - hate the game...
My brother makes a living building houses that sit at the top of the max market value
It's the best way for him to maximize his time and investment
He says the same things you say about housing markets that are artificially bloated
It bothers him but he's not going to stop maximizing his efforts and efficiency
In Seattle it was in part because of Chinese money
Things have cooled off now because China has tightened the screws on their own rich folks
So... in short Trump has addressed a problem that you identify
Through Trumps direct actions, foreign money has slowed considerably into the high value markets
Heads up..!!!