this post was submitted on 15 Jun 2023
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Empty overpriced housing makes me sick honestly. It stifles the economy and social mobility of everyone so much as well (by design probably lol).
When they offered to sell the house, at first I was excited, but then then the selling price was like 3x more than I expected. I didn’t even respond to the realtor. There are also a bunch of vacant units for run and for sale.
I think the price is so high because rich people were tricked into buying an investment property which they could not rent and now they are stuck with a huge loan.
And I don’t mean rich like they can afford to lose 200k. I mean like upper middle class who really need to sell for the amount of their loan.