Redfin chief economist Daryl Fairweather: "It seems like the only way to kind of get your foot in the door to the housing market is to have some help"
  • Rooty@lemmy.world
    341·
    2 years ago

    And again, the corporate media is blaming anyone but real estate companies and market speculators.

    • Badass_panda@lemmy.world
      6·
      2 years ago

      Market speculators are a symptom of the problem, not the root cause. God knows “people giving their kids money for a downpayment” certainly isn’t the root cause.

      The foundational issue is that many high demand markets have artificial limitations on the amount of housing, and it’s easier and more profitable for real estate developers to shit out mcmansions in the suburbs than denser housing where it’s needed.

      Demand keeps going up because the population keeps going up, while supply is focusing on fulfilling only the luxury end of the market.