A Boring Dystopia

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In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation (fortune.com)

submitted 3 days ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] JustAnotherKay@lemmy.world 5 points 3 days ago (1 children)

This is kinda where my brain went too. So they’re just buying second houses? And we’re all just… too fucking poor to compete?

[–] rc__buggy@sh.itjust.works 2 points 2 days ago

No, it's not us GenX buying ski condos. It's corpos like BlackRock buying up everything at 10% over ask and trying to turn the country into permanent renters. They figured out they will make more money over 30 years by renting it out and barely maintaining it than by backing mortgages.