this post was submitted on 23 Jul 2024
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Housing Bubble 2: Return of the Ugly
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The invisible hand strikes again.
It will if people don't manage to sell and are in a situation where they have to no matter if it means they're losing money, otherwise people will just sit on their house until it sells for the price they want.
Wonder what protections squatters have in Texas.
Them property taxes and insurance ain't free. Let then sit another year hehe
That invisible hand is named Black Rock. Every time home values look like they’re going to dip, the investment firm swoops in and buys things up so they can sit on more empty houses and prevent their existing investments from losing value.