Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 892 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (8)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Tweet of the early morning: (Original Post)
applegrove
Sep 2021
OP
TheRealNorth
(9,435 posts)1. Glad he is trying to do something about this
Runaway housing prices is an issue for me as someone looking to buy a house.
applegrove
(118,014 posts)2. There is too much liquidity in the world. Rich investors are buying up house
as an investment. Too bad the poor don't have a 'I don't know where to invest my money' problem. The ceos have already bought back stock. The interest rates are too low to buy bonds. So they f up the home ownership market for regular people.
TheRealNorth
(9,435 posts)3. That's what I was thinking too.
We are going back to the Feudal System.
applegrove
(118,014 posts)4. And some of it is foreign money too. Canada has charged foreigners a tax
to buy homes in Toronto and Vancouver to try and stop house prices rising. Then Covid happened and housing prices jumped even more.