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by sologoub
757 days ago
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It is an odd remark, but during the housing bubble crash, there was an inventory uptick. A lot of it was bought up by cash investors and even institutional investors securitizing housing. However, if you were still employed and had decent credit, there was a lot to choose from and prices were lower than rent. It didn’t last though - 2009 through 2012 was probably the best, then every year it ticked up until just before Covid. With Covid some areas shot up others went sideways for a bit. |
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Of course, people did not have money to pay, and were under. There were forced liquidations.
And the parent comment was talking about the bubble, not the aftermath which is what you are talking about.