@sardonicsmile He doesn't even touch on how fucking demented it is to own multiple homes and never drop the value much less being worried about the value of your own home unless you intend to sell it especially for people of advanced age (AKA Boomers).
Its value is ZERO while you're living in it and not selling it. It only has value intrinsic to the owner. Sure, you can be personally invested in it, but that doesn't change the number because if there's no intent to sell then that number doesn't even exist.
These people just holding extra homes forever are actually fucking insane and deserve to die for it. The other part about being against increasing supply is actually true, they're right to oppose increasing the supply, 1000% justified.
This isn't a supply issue, it's a lead induced mental health crisis among the elderly and an artificial scarcity issue created by (((asset managers))) like Black Rock.
His message isn't wrong but it's also not completely right. I get setting expectations low but there absolutely is a breaking point, I don't know what breaking looks like, but we're fast approaching it.
Its value is ZERO while you're living in it and not selling it. It only has value intrinsic to the owner. Sure, you can be personally invested in it, but that doesn't change the number because if there's no intent to sell then that number doesn't even exist.
These people just holding extra homes forever are actually fucking insane and deserve to die for it. The other part about being against increasing supply is actually true, they're right to oppose increasing the supply, 1000% justified.
This isn't a supply issue, it's a lead induced mental health crisis among the elderly and an artificial scarcity issue created by (((asset managers))) like Black Rock.
His message isn't wrong but it's also not completely right. I get setting expectations low but there absolutely is a breaking point, I don't know what breaking looks like, but we're fast approaching it.
@sardonicsmile Imagine having children and also owning multiple home and not only never cutting them a deal to buy it or own it but charging them extortionist rent prices just to keep a roof over their heads. That's the kinds of sick fucks boomers are.
