axus 3 days ago

Divorced people with 2 homes each that remarried and ended up with 4 homes? I've seen it happen. Finally they sold 2 of those homes..

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xarope 3 days ago

I feel there's a major distinct difference between;

- a well off family who buys a 2nd home to make sure their kids are set

- a group of well off investors who pool funds, buys a 2nd home, with intention to "flip" it in the next 1-2 years and make 10%

Both are "investors", but I'd like to think the 1st are trying to build a better future, whereas the 2nd are just arbitraging.

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  • MangoToupe 3 days ago

    Intent doesn't matter; you can justify about any horrible behavior imaginable by saying you're looking after your family. I resent the commodification of housing and the destabilizing effects it has across society. Where's the upside?

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morngn 3 days ago

In my area owning a trailer park home requires being in like the top 1% internationally. Owning 1 home in Oakland may be worse than owning 4 in Detroit, in terms of being an under-hated under-taxed elite.

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