• Coreidan@lemmy.world
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    1 year ago

    Ya it’s totally millennials and not the investment firms buying everything up with cash. Brilliant article!! Gaslighting at its finest.

    • Pipoca@lemmy.world
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      1 year ago

      You’ve got cause and effect backwards there.

      Because of boomer NIMBYs and the great recession causing a massive undersupply of housing, and the size of the millennial generation causing a huge increase in demand, housing is a great investment. NIMBYs will ensure housing supply stays low for the foreseeable future, keeping it a good investment.

      Because it’s a great investment right now, investment companies are buying housing.