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Desperate LA Mansion Sellers Are Throwing in Supercars To Sweeten the Deal
Los Angeles's luxury housing market is crumbling, and eager sellers will toss in a free supercar to bring in buyers.


Zoning seems like it's 90% of the issue with most housing stock problems, with NIMBYs being the other 10%.
So people shouldn't own the place that they live???I have a lot of thoughts on this. Government needs to step in and build/subdsidize housing in office heavy downtowns that haven’t really recovered from the pandemic. End single family only zoning, and increase home buying assistance. That’s the first steps. Invest in public transportation so that suburbs become viable and you’re not spending 7 hours commuting. Long term, homeownership as an investment needs to be reconsidered as well.
So people shouldn't own the place that they live???
Well.what does long term ownership as an investment be reconsidered mean?![]()
That’s not what i said breh
One of the biggest reasons real estate is so expensive is because people use it an as investment. That speculation causes astronomical home prices so yes, I think as a society we may need to change or cap how much homes can climb in value to prevent rising costs and displacementWell.what does long term ownership as an investment be reconsidered mean?
Reconsidered how?
What should replace long term ownership?
Should homes not appreciate in value ?
Part of finance of investment in the nation is pegged on the consideration of owning a home as a means of having wealth .....then what other method of investment should a person have in lieu of owning a home ?
I hope it all collapses and they go bankruptI just read that 25% of single-family homes sold in the USA in 2021 were bought by people who weren't planning to live in them. Just people looking to flip real estate, stockpile property as long-term investment, or rent out AirB&B spots.
In a lot of big cities the number is even higher when you factor in apartments - close to 40% of the residences in some cities are owned by people who don't even live there.
Wait so how would that even be an accomplishable task? Homes have value because of their location and of coursevthe favt that people want a personal place to live thats their ownOne of the biggest reasons real estate is so expensive is because people use it an as investment. That speculation causes astronomical home prices so yes, I think as a society we may need to change or cap how much homes can climb in value to prevent rising costs and displacement
Gentrification usually causes displacement when property values rise. Long term we need to shift in viewing homes as places to live rather than things that’ll make us money. Because our current system is not sustainable