plenty of places where housing is still affordable
There are even places where people would give you houses nearly for free, but nobody wants to live there and the infrastructure is crap.
Edit: Seems there are really some houses in Germany that are 100% free, but they have expensive liabilities like mandatory redevelopment etc. There are reasons why the previous owner gave up ownership instead of selling it.
Absolutely. But that also skirts the fact that the economy, globally, depends on rent in Manhattan being high. Like as shitty as the rent is, the bigger problem is how much of that “you’re paying someone else mortgage” thing is true and wayyyyy over optimized.
Roll into that the fact that the whole rising/uninsurable thing in Florida is come for literally everywhere near sea level… Which is every major metro in the usa… It’s a problem.
There are even places where people would give you houses nearly for free, but nobody wants to live there and the infrastructure is crap.
Edit: Seems there are really some houses in Germany that are 100% free, but they have expensive liabilities like mandatory redevelopment etc. There are reasons why the previous owner gave up ownership instead of selling it.
Absolutely. But that also skirts the fact that the economy, globally, depends on rent in Manhattan being high. Like as shitty as the rent is, the bigger problem is how much of that “you’re paying someone else mortgage” thing is true and wayyyyy over optimized.
Roll into that the fact that the whole rising/uninsurable thing in Florida is come for literally everywhere near sea level… Which is every major metro in the usa… It’s a problem.