this post was submitted on 07 Jun 2025
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My country is sort of doing that. They're subsidising new builds to large development companies ... who will then sell them off at fucking ridiculous prices that nobody can conceivably afford.
Yup theres a couple new neighborhoods goin up down the street from me, houses start at 400k and they are smaller than the 200k house we own. Idk who they think will be able to afford that.
Blackrock i guess.
In the US they're firing all of the federal workers, which along with our military, is one of the largest social services in the country.
They need to start making fucking rent to own a thing again. This shit is getting absurd and they won't like it when we overthrow the landlords for this fuckery.
I hate myself so much for turning this down... The house I was renting was owned by a really nice guy who lived down the road and couldn't sell it for the 280k he wanted, it was off a main road and directly behind a gas station so I really didn't want to settle there, but for $280k I really wish I could have seen into the future... That was 2 years before covid. A year into covid and all the WFH people moving out to the area the house went to $500k... Now I don't even want to look at what it might be.
All that said I live in a garage now because the fucking prices are absolutely insane.
What country?
UK