• nezbyte@lemmy.world
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    1 year ago

    Assuming you can even win the bidding war to buy a house right now. Nothing worse than seeing a house you failed to buy have a For Lease sign on it the next week.

    • remer@lemmy.ml
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      1 year ago

      In my area there always seems to be a cash buyer so even if you have a strong offer and are prequalified the seller isn’t going to pick you. They need to heavily tax non-primary residences and housing owned by companies. These robobuyers have destroyed any chance people have of buying a first home.

    • GiddyGap@lemm.ee
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      1 year ago

      Nothing worse than seeing a house you failed to buy have a For Lease sign on it the next week.

      And it’s not only companies. Lots of homeowners with low-interest mortgages from 2020-21 rent out their home instead of selling when they move, which in turn depresses inventory and puts upward pressure on prices.

    • Scooter411@lemmy.ml
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      1 year ago

      That’s crazy, I’m actually getting ready to sell my house right now and it’s going to be a struggle to not lose money… and I live in the fastest growing county in Utah.