This Time ON... IS MY WEALTH VALORIZABLE OR IS IT ALL JUST FICTITIOUS CAPITAL.

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I saw this on twitter https://twitter.com/nickgerli1/status/1673774695693385728/photo/1

I wonder if this will have a measurable effect on the price of housing on the west coast.

  • ClassUpperMiddle [they/them]
    ·
    1 year ago

    I kind of feel like its not ever going to get better, atleast in places where people want to live.

    • invo_rt [he/him]
      ·
      1 year ago

      Not likely. I feel like the pandemic shuffling people into different metros turned capital on to real estate investing in areas that were previously overlooked as being not worth their time. That combined with the constant news drum beat about rising prices has every little small business real estate ghoul in these areas trying to suck up as much as they can to flip for a profit. As long as demand outstrips supply, it'll continue.