The shortage of houses is hitting some people and areas harder than others
www.cnbc.com
The U.S. is facing a shortage of affordable houses relative to only a few years ago, and it's hitting cities such as El Paso, Boise and Spokane the hardest.
    • Admiral Patrick@dubvee.orgEnglish
      5·
      1 year ago

      I hear ya.

      I was still saving to buy a house in 2019 when circumstances beyond my control forced me to accelerate that timeline significantly. My offer was accepted in October and closed and moved-in mid December of that same year. Got a decent interest rate and then refinanced less than a year later during COVID when rates went down even lower.

      2019 was a rough year, but had the unfortunate circumstances not happened and I waited until 2021-2022 to house hunt (which was my original timeline), I’d be in the same boat. I consider myself very lucky even though 2019 was pretty awful otherwise.

    • zombuey@lemmy.worldEnglish
      1·
      1 year ago

      corporate landlords need to be regulated. Right now Investment firms own more than 25%(as of 2022 and number is expected to rise) of all single family homes in America. It was impossible to buy a home trying to compete with these corporate investors because they would make upfront cash offers no strings. These corporate landlords are just a parasite feeding off our economy.