>>60563911Dude stfu
Im sick of you faggots defending yourselves as if you aren't literally the cause.
>B-but if we didn't do it, people would not have a place to live, our speculative investment pays for new builds :-DFucking retard, if you cunts werent speculating on property, a $1M house would be $300k, because there would not be all your speculative buy pressure.
The person who cant afford $1M for a home, would be able to afford $300k, but 100,000 property investors in the city max bidded the price up to $1M for speculative purposes....and the only people who can afford to bid against speculative investors...are people who are well off....
AND NO, it hasn't always been like this, this shit didn't even really begin in the the 2000s, from after WW2 to the 1990s, home prices were like 2-3X the annual income, now they're 10-15X... why? BECAUSE PROPERTY INVESTORS ARE BIDDING EVERYTHING UP