https://fortune.com/2023/12/04/millennials-homeownership-housing-obsessed-boomers-bank-of-america/

  • zifnab25 [he/him, any]
    ·
    1 year ago

    If you don't want to go broke paying extortionary rents, you should get a six figure loan at near-double-digit interest to purchase a dump at the edge of town whose value is entirely predicated on infinite investment cash propping up the real estate market.

    Its very simple economics 101 stuff that us logical centrists figure out how to do with our parents money ages ago.

    • DragonBallZinn [he/him]
      ·
      1 year ago

      Sometimes I really want to know what real estate investors are supposed to do that warrants them to be living it up. Because to me, real estate investing causes problems instead of provides a good or a service.