Realtors "running out of money" as housing market struggles
Realtors "running out of money" as housing market struggles
Elevated prices and high borrowing costs for home loans have depressed demand for homes.
all together now: “cut back on the daily lattes, skip the avocado toast, lift yourselves up by your bootstraps”
Fuck’em. Rent-seeking leeches.
...I think you're confusing realtors with landlords. Realtors help you buy and sell homes, they don't buy homes then rent them out. At least not as a part of being a realtor
I work in tech around property preservation. The SFR (single family rental) has boomed to the point where it has evolved into a new market, BTR (built to rent). Real estate companies are buying tons of viable land for real estate and building homes they will never sell. They've realized they make more money, that scales with inflation, by never selling homes. So while I get your distinction, the problem is very real, there is nothing for them to sell or for people to buy.
Well, I mean at this rate I'll be able to afford a house by using my retirement money. As long as I keep a part time job until I die.
Maybe they should tell their clients to drop price so the monthly payment is in line with what it would have been when rates were low? No, surely they just aren't hustling hard enough.
Boohooohooo. Let's start a Gofundme for the poor souls.