return2ozma@lemmy.world to News@lemmy.world · 7 months ago'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothesfinance.yahoo.comexternal-linkmessage-square174fedilinkarrow-up1391
arrow-up1391external-link'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothesfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square174fedilink
minus-squarechitak166@lemmy.worldlinkfedilinkarrow-up1·7 months agoAll that sounds good, but how does it solve the issue of scarcity in major cities? Where there is not enough supply to meet demand? It seems to me that it would just become a first-come, first-serve basis.
minus-squarefunkless_eck@sh.itjust.workslinkfedilinkarrow-up1·7 months agothe shortage is of affordable housing, not housing. there are plenty of houses, they just aren’t affordable, so all of my points re: housing would help.
minus-squarechitak166@lemmy.worldlinkfedilinkarrow-up1·edit-27 months agoThey aren’t affordable because of supply and demand. There’s low supply and high demand which causes prices to increase. Someone can afford them, just not you or anyone you know.
All that sounds good, but how does it solve the issue of scarcity in major cities? Where there is not enough supply to meet demand?
It seems to me that it would just become a first-come, first-serve basis.
the shortage is of affordable housing, not housing.
there are plenty of houses, they just aren’t affordable, so all of my points re: housing would help.
They aren’t affordable because of supply and demand.
There’s low supply and high demand which causes prices to increase.
Someone can afford them, just not you or anyone you know.