• D3FNC [any]
    ·
    2 years ago

    90 % in some areas. Not everywhere.

    I mean, yeah, I mostly agree with what you're saying. But zero is the only acceptable number for "houses bought purely for speculation by banks."

    20 million unoccupied homes in this country. Housing should not be a fucking investment vehicle, bought for same day cash sight unseen, double asking price. That isn't reasonable behavior for someody that might actually be living in that house. It's wall street hedging with real estate.

    • mkultrawide [any]
      ·
      edit-2
      2 years ago

      It's not 90% anywhere. Atlanta is the highest at around 30%. There is a breakdown by city in that link.

      • D3FNC [any]
        ·
        2 years ago

        You're being deliberately obtuse in your insistence on what areas could mean. A single neighborhood. A street. Jesus, dude.