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.
Ugh, that math is totally off! In 15 years the average age of someone who is 39 should be 54! Not 59!!!
(/s btw)
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?
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.