There are cycles of supply and demand in housing. This is as obvious as looking at graphs of house prices. So this meme is utter nonsense as is the conceit that somebody buying a house to sell it later is somehow evil or a “scalper”. Boo fucking hoo basically.
You could find out when there wasn’t housing demand simply by looking house prices in an area over time. If it flattens or falls in an area, then demand has fallen. And instead of sobbing that people richer than you can afford to buy a particular house at the market rate, you should instead be lobbying state & city governments to change the absurd building codes that prevent more affordable urban housing to be built that the suburban sprawl that afflicts most US cities.
Hardly the same comparison. People buy houses when there isn’t demand and sell when there is.
When was the last time there wasn’t housing demand?
Also big companies are now owning a huge part of the overall houses.
There are cycles of supply and demand in housing. This is as obvious as looking at graphs of house prices. So this meme is utter nonsense as is the conceit that somebody buying a house to sell it later is somehow evil or a “scalper”. Boo fucking hoo basically.
You could find out when there wasn’t housing demand simply by looking house prices in an area over time. If it flattens or falls in an area, then demand has fallen. And instead of sobbing that people richer than you can afford to buy a particular house at the market rate, you should instead be lobbying state & city governments to change the absurd building codes that prevent more affordable urban housing to be built that the suburban sprawl that afflicts most US cities.
Touched a nerve here and gotta say I find it funny.
No demand for places to live? Get a grip.
There are plenty of places NOBODY wants to live, where there is no demand for houses and prices are rockbottom. Funny how market economies work.