this post was submitted on 18 Jan 2026
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I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.
Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.
The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn't the solution.
Oh, for sure, but I'd bet my goat that the problem would go away WELL before people started looking at single family homes actually owned by families.
That's not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?
They don't need to own all of them, just slightly more than the turnover/growth rate. If a community only has 2% of people moving in/around, and billionaires own 4% of the houses in an area, they can still jack up the prices, which changes the value of all the homes
Not what I said my guy.