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From the post:

>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.

From the post: >>U.S. home prices hit another record high in June, even as buyers backed out of deals and stood on the sidelines. This should be the busiest time of year, but the housing market remains frozen in place and sales are down. Last month, sales of existing homes dropped by 2.7 percent from the previous month, while the median home price, at $435,300, hit a record high for the month of June, according to the National Association of Realtors.
[–] • 3 pts

Let them sit empty.

[–] • 0 pt

Yup, when they're paying to heat empty homes in the winter then they'll be heating maybe hundreds of non selling locations so they don't mildew then they'll start loosing big cash on oil electricity plus shoveling roofs and walkways for showing off the places then the tide will change.

When they're shelling out tens of thousands a month to maintain empty properties and I'm not sure about taxes on investment real estate if that's a thing then getting them sold before taxes are due is another consideration if it's a thing or they get a pass.

[–] • 1 pt

Because these nigger-mouthed boomers think they're entitled to whatever ghetto lottery price they think they want.

The boomer squeeze is coming to the property market.

Fuck boomers.

[–] • 0 pt

It's already happening.

People are offering 100k less than asking and the owners are selling. It's only going down hill from here.

We just need to make laws against PE companies buying up most of the property to turn it into rentals for life. That is the actual threat.

[–] • 1 pt

This is honestly mostly not sellers fault but our (((usuary usual suspects))).

Most family homes that hit the market are from folks that have moving jobs, growing familes and etc, who have only been in their home a handful of years. Not someone selling with a paid off mortgage.

Many if not most of these type people got in in their home during skyrocketing prices. And v aren't looking to ride off into the sunset in a retirement home, but just move to another family home themselves.

So when they owe so much from inflated prices, they say, "I can't take less than I paid or I'll never get in another house... in fact with interest rates being so much higher than they were when i got in this house, I need more than I paid."

It's just a totally broken system. Until the system is just fine away with there's not much that can be done to rectify this.