Comment on Houses in my area increases 82% in just 4 years

Dead_or_Alive@lemmy.world ⁨1⁩ ⁨day⁩ ago

Work from home is the ultimate culprit.

A. People can migrate and buy in cheaper parts of the country and maintain jobs that would have required them to stay in a certain geographical area in the past.

B. Work from home has gutted the commercial real estate market. Leading investors to move into the home market. You’re going to see a lot of money flow into single family homes to rent over the next ten years.

You’re now competing against established professionals who are later on in the careers and institutional investors.

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