finance

"Now are seeing major price cuts homes getting delisted because they can't sell. Almost every real estate broker is having conversations with home sellers about when you're gonna mark this property down so we can get it to move." - Redfin CEO on the state of the real estate market

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

There's actually a much simpler solution to bring down prices:

Asset managers with over $100 billion can't buy single family homes. Blackrock for example just buys them up and rents it back to us 🤣

wonderkid shitposter | memecoin fanatic                                      


So you are trying to fix a problem that the government created by too much intervention, ie fiat debasement, manipulated historically low interest rates, and mortgages that are guaranteed by the Federal government with more government intervention?

Damn that's a very good point 🤣 I mean even with the solution I stated companies like Blackrock could just divert into another company to stay under the limit. 

Wish I could just go pay 30k for a house like my parents lmfao

Buying houses right now might be one of the worst "investments" of our time. 

I also would love to pay a fair price for a house