Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38
  • Burninator05@lemmy.worldEnglish
    33·
    6 days ago

    Don’t forget about the corporations that are buying as many houses a quick as possible (faster than a person who will have a mortgage can) and at a higher price than what a person can/will pay becaue they are using them as investments.

    • fantoozie@midwest.socialEnglish
      3·
      6 days ago

      Actually the report that came out recently (the one that found institutional real estate investors buying something like 27% of all available homes) made an important note: most of the companies buying these homes are so-called “mom n pop” landlords who own < 5 houses

      So it’s actually corporations AND fucking boomers.

      • Burninator05@lemmy.worldEnglish
        1·
        5 days ago

        That is an irrelevant statistic. If one big company buys 1000 homes and four small companies each buy 3 then 80% of the companies are small landlords while 98.8% of the homes are owned by a big company.