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by downrightmike
2761 days ago
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Most of the hosung boom happened post WWII. Back when there were only 1billion people. They couldn't have expected 7billion. And because there are more prople, there is more competition to own homes and that is what is allowing homeowners to be able to treat it as a asset. It is an asset and it is worth what others are willing to pay. So they also have no reason to support more housing as it negatively affects their bottom line. So they buy more housing based on their good credit from home #1, and rent it out. The rent pays for the mortgage and some margin on top. So they keep buying places and renting them out. |
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