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2 days agoIn the process of buying a home in California. Can I say to all “investors” or flippers; fuck yourself with a broken batt.
People are asking for gold while the house is falling down. I saw a 1985 duplex, 1600sq, 3 bed, 2 bath, garage, and a hoa for $545k. The roof had a tarp and due to being a duplex, you have to repair 3200sq of roof. The neighboor did not want to chip in.
Someone bought that POS. So now a normal house in that area is going for $700k. Still 1600sq 3/2 bed/bath for $700k.
Housing is a necessity. Everyone needs to have a reality check. If you have a place to live and can afford it, feel very luck the chips fell in your favor.
Outlaw multiple property purchasing or just tax it out of existence. Create government built houses for low or first time buyers.
Not everyone needs a 4000sq ft house, maybe build some 1k sq ft houses instead.