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Friday, February 04, 2022

Beggars can’t be choosers: The ugly reality of the US housing market

Forced to give up their dreams of a “real house,” first time home-buyers set their sights lower, and ex-homeowners muscled out of the market by Covid-19-related job losses have to do the same. The need is great enough that these once-derided mobile homes are now achieving mainstream respectability, according to USA Today – but profit-hungry private equity firms have been buying up stakes in the companies that own these trailer parks for years, going long on the collapse of the American dream. 
-Greg
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1 comment:

  1. Henk VandenberghFebruary 4, 2022 at 10:37 PM

    And now imagine my home town of Louisville Colorado. The housing market already went through the roof, prices have gone sky-high.
    And then a fire, 1084 homes burned, and all those people need to find a place to live. NOW, and for the next three to five years while everything is hopefully being rebuilt.
    Scary times. I am glad I still have a home.

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