Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.
Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.
Was anyone even BUYING houses in this economy?
Investment funds shifted primarily to real estate about 3 months ago, so rich fucks have been buying them to resale later.
https://youtu.be/0-w-pdqwiBw?t=20
Yep some cities have their lowest inventory in a very long time right now, partly because a lot of people a lit of people don't want to sell even as people keep buying due to lower interest rate (hint: the rates haven't increased significantly in like 20 years, there's no rush to buy a more expensive home bc of fomo)
Two of my neighbors sold their houses in the past like 4 four months and both houses were bought a few weeks after putting it up for sale.
The people who got hurt by the pandemic are poor people who could not afford to buy a house a year ago. People who could afford to buy are doing fine, and a lot of silent majority, middle class Millennials are moving to the burbs.
"This economy" has been AMAZING for anyone who was already wealthy pre-Covid. The Left really needs to get it through their head that the "economy" is not bad for the people who actually control things.