they’re older, bought multiple properties when it was affordable to buy multiple properties.
i’m drowning in rent, but their houses sit empty as they’re concerned renting the houses would make them more used and the values would go down.
i feel you. we’re screwed, but i’m glad people can profit off misery, especially when an extra 30k can be made according to the purest definition of a war of attrition.
> The housing shortage and high prices are not the fault of sellers.
if you are holding onto unused housing without listing it on the market then you are most certainly contributing to the problem.
What's the difference between holding onto an empty house and holding onto extra cash or investments/assets? Don't they both represent potential utility?
I would think that would mean that you also don't hold any non-discretionary assets (including savings/retirement accounts) because you want those resources to be available to others?
> I would think that would mean that you also don't hold any non-discretionary assets (including savings/retirement accounts) because you want those resources to be available to others?
why would this ever make sense based on what i said? this is a ridiculous conclusion, trying to make it seem like something that i never said. not to mention is just bad logic.
> On the other hand, the housing shortage is still ongoing in the Northeast and Midwest, "areas the builders ignore," Gerli said. "You can see active listings in the Northeast/Midwest on re-sale market are still in a big deficit to pre-pandemic."
Definitely not the case in the markets I'm familiar with (NY, VA, and OR). I expect inventory to be tight again next year because I see no home construction or if there is construction it's way out in the sticks. I'm betting on a tight market - I have a move-in ready empty house that I'll be putting up for sale in the spring. I'm hopeful that waiting several months will net me $30k+.