After building real-estate wealth from high housing prices, boomers are facing a shortage of suitable retirement housing.
  • blindbunnyEnglish
    2·
    2 months ago

    So, instead, the house and/or land is sold to developers or banks, who will then demand an inordinate ROl on said investment,

    Sounds like someone is going to have to take a loss. Or have squatters move in and cost them more in maintenance then it costs to sell.

    • Flocklesscrow@lemm.eeEnglish
      5·
      2 months ago

      There are literally millions of empty houses across America.

      We don’t really have a Supply issue, so much as we have a profit issue.

      • blindbunnyEnglish
        3·
        2 months ago

        Sounds like we need to start distributing homes and stop selling properties.