Covid, WFH, Musk, The fall of Twitter, Netflix plateau, Reddit Blackout, Crippling interest rates, Trump, Decentralisation, Tech Antitrust, Ukraine
Adding in Edit: AI, Climate Crisis, Nazis, Fascism, Democratic backsliding, automation, mass unemployment, rising homelessness, wild fires
How are you feeling these days?
We sure do live in interesting times
The country where I live, prices have not really increased but there are tons of vacant units.
I still get energy bill alerts for the old property I lived in and close to a year later it is vacant.
I think property developers made all these condos and sold them to people who wanted an investment property. But they sell price was too high so the rent price is too high.
Since there are all these vacant places, rent is cheaper than buying by a significant amount.
If I purchased my current condo with 20% down, my rent would more than double.
Empty overpriced housing makes me sick honestly. It stifles the economy and social mobility of everyone so much as well (by design probably lol).