> History is littered with the corpses of those who tried and failed to corner a market. Real estate is no different. That's not to say we can't make the system better. We can and we need to. But serfdom isn't imminent either.
Zillow is just a piece of the puzzle. I don't want to go down the 'collapse-porn' hole but with Zillow (and many others) doing this and pushing/pricing out family buyers + my city's new buildings being 99% rentals owned by financial corporations, I don't see a bright home ownership future. I'm driving around and all I see are 'vibrant' cities that look like https://archive.curbed.com/2018/12/4/18125536/real-estate-mo.... I find that super depressing. Whenever I see cranes going up I get excited there's going to be a new condo building. NOPE. It's yet another 6 story matchbox owned by some no name shell in Delaware which ends up in 2 years under Berkshire Hathaway.
Zillow is just a piece of the puzzle. I don't want to go down the 'collapse-porn' hole but with Zillow (and many others) doing this and pushing/pricing out family buyers + my city's new buildings being 99% rentals owned by financial corporations, I don't see a bright home ownership future. I'm driving around and all I see are 'vibrant' cities that look like https://archive.curbed.com/2018/12/4/18125536/real-estate-mo.... I find that super depressing. Whenever I see cranes going up I get excited there's going to be a new condo building. NOPE. It's yet another 6 story matchbox owned by some no name shell in Delaware which ends up in 2 years under Berkshire Hathaway.