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by Arn_Thor
825 days ago
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That used to be the driving factor, politically at least. But things have changed. As older folks retire and sell to fund their end of life care, funds, corporations and the super rich have swept in to buy the properties, increasingly pricing out regular folks who depend on an (also more expensive) mortgage which the investors don’t have to worry about. So on the margin, fewer and fewer homes are in regular people’s hands. That is capitalism’s inevitable consequence: those that have wealth can ever more quickly acquire more of it. |
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