this post was submitted on 11 May 2025
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I don't get why u just blame landlords.
You know what other countries are doing? Building multilevel longterm concrete compact apartment complexes.
What does US do? Nothing.
I'm telling you, those places are full of depression, conflict, traffic, ample(read: no) parking and those with all kinds of life struggles. People (the ones I know) need some space to maintain a healthy style of living. I can hear the lady yawning through the walls at my place. I yearn for a home with no shared walls sooooooo badly lol.
We dont need compact apartment complexes, we have plenty of houses being hoarded by companies and landlords so they arent on the market and the few that are can have artificially high prices. There are "Cash for your house now!" signs everywhere where I live plus they keep mailing us too, and those are usually either landlords or house-flippers.
I haven't seen any hoarded houses in my area. I think someone is doing disingenuous propaganda.
Sometimes houses are empty for couple of years because foreclosure and bank has to wait for liens to clear. My neighbor's place was held for 2 years, due to stupid system.
It's easy to not see something you don't look for.
No but seriously. Houses foreclose all the time, they go back to the banks. So bank then has to wait legally required time. And then the bank has to do all the repairs and resell shit.
While all that happens - yeah it's on the books as owned by a corporation, but it probably doesn't warrant loosing your mind about it.
So I dunno which stats people are talking about when they refer to companies holding houses? I think it's a lot of boloney.
U know what the issue is - government is not building cheap affordable long term housing. Like apartment complexes. There are no programs in place.
The issue is the government letting the cheap affordable single family homes (not apartments or condos) go extinct.
It's a multi faceted problem. There needs to be gov program to start building apt complexes . This will reduce demand on houses and drive prices down simultaneously