Isnt it wierd the United States enemies are most effected by Coronavirus

JamesJabdi

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Whats real weird is that over a million american (nearly all adults) died and it ain't put a dent in the housing market....You would think that over a million dying would mean a surplus in housing, but from what i gather the only real dent that COVID did to housing was promote remote work.

And rent is bigger then what it was before covid :mindblown:
 

karim

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Whats real weird is that over a million american (nearly all adults) died and it ain't put a dent in the housing market....You would think that over a million dying would mean a surplus in housing, but from what i gather the only real dent that COVID did to housing was promote remote work.

And rent is bigger then what it was before covid :mindblown:
That is because housing is a speculative asset bubble. There is not enough affordable housing availabe, since a lot of appartments are bought as a speculative asset and left empty, because the owners just want to park their money in concrete and sell at a later point after the value went up. That's also why the majority of appartments being build are luxury appartments that normal people can never afford. As a result, people dying didn't really produce a surplus in housing and the overall situation didn't change.
 
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