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Why is it so hard to buy a house in the US? #shorts
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131,698 Views • Dec 9, 2023 • Click to toggle off description
The homeowner vacancy rate is the lowest it’s ever been.

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Views : 131,698
Genre: News & Politics
Uploaded At Dec 9, 2023 ^^


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112 Comments

Top Comments of this video!! :3

@andrewklang809

11 months ago

I bought a condo about two years ago. The realtor was talking about how people, including her, would often buy second homes just as investments, with no intention of living there or even subletting. It was the most normal thing to her. I told her that that was buying up a home that could have gone to someone else and driving up all house prices. She didn't blink.

Combined with all rhe stories you hear about rich people from overseas buying up whole apartment buildings in major cities just so they have a safe place to keep their money, it's clear property is just another way the rich getting richer is directly leading to the poor getting poorer. Ain't nothing trickling. Money stays up.

478 |

@proffessorclueless

11 months ago

It's what the richest in society call a win win situation.

221 |

@graemepennell

11 months ago

its called "capitalism" mixed with doing "what's best for the person instead of the whole"

180 |

@dabri85

11 months ago

Now show the percentage over time of homes owned by individuals vs owned by a company/ business.
Major companies are buying up houses to rent and reducing availability and driving up costs.

242 |

@der.Schtefan

11 months ago

I thought it is because of avocado toast.

16 |

@clairefuzipeg1983

9 months ago

The number of houses divided by cost doesn't show how the dollar has changed in value over time, and how the housing market has changed for rebuild cost.

1 |

@brodybickerstaff6725

9 months ago

They really a put a graph showing that overtime more houses are being listed in more expensive categories, with the original claim being that houses are getting more expensive ( a very circular argument) All that chart shows is the result of changing prices, not necessarily a change in supply patterns. Notice how the width of the tiers stays the same except for the bottom and top ones.

I can say from personal observation houses worth 200k back in 2017 are now worth like 400-500 in many cases. A better metric would have been construction cost adjusted for inflation, since that gives a better idea of what the actual input cost would’ve been.

1 |

@blainemitchell

9 months ago

I can't afford to sell my house and buy another one.

8 |

@Ciph3rzer0

9 months ago

Housing is a right not a commodity or investment asset.

2 |

@lesussie2237

11 months ago

This is straight price fixing. So much for free markets

6 |

@simonpusateri3527

11 months ago

Would like to see that last chart normalized to 2016 dollars

9 |

@nakoda1610

9 months ago

the last chart you should also have showed adjusted for inflation (or the income inflation (which is less ofcourse...))

1 |

@nicholasgallanis7539

9 months ago

More companies owning renal homes is a huge factor not included in this!

11 |

@freethinker3279

9 months ago

The last chart is presented as if the value of a dollar has remained unchanged. It should show the sales prices adjusted for inflation.

1 |

@chrisganesha

11 months ago

Lower income people living in the lower cost homes can not afford to trade up in a high interest mortgage market. It is more economical to stay put with your lower interest rate mortgage in place until rates come down. They are also spending a higher percentage of their incomes right now on higher cost food.

6 |

@Heelincal12

11 months ago

The 2nd graph does not control for inflation which would dampen the changes shown

14 |

@Stormchaserzackjones

9 months ago

Did they really just talk about zoning, rather than never saying anything about inflation and interest rates being up!

1 |

@paolorossi6008

11 months ago

The graph it's not adjusted with inflation, so does't represents anything

4 |

@mikehurt3290

10 months ago

If zoning cause higher houses prices, does Houston have less expensive houses? Because I heard they're the only city without zoning laws in the US

6 |

@Blaqjaqshellaq

11 months ago

Part of the reason that the more expensive homes are getting a greater share of what's available is that fewer people can afford them!

6 |

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