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thyroideyes t1_j2usb5l wrote

Reply to comment by usrevenge in Home price increases weakened sharply in November, posting the smallest annual gain in 2 years -CNBC by wander9077

This is only profitable because we have a severe shortage of housing, also multi family housing is illegal in much of the US, thus, whole neighborhoods zoned single family…

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Inconceivable-2020 t1_j2xndxj wrote

Yeah, but where I lived, there were two Casinos nearby, and Houses that could not be converted to multi family, tended to be snapped up by people that turned them into Hot Bunk houses. Also illegal but never enforced.

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thyroideyes t1_j2xy8w8 wrote

Well if your city had their shit together they would upzone neighborhoods so that multi family housing was legal. Single family only neighborhoods restrict housing availiblity, so of course landlords take advantage of it! It’s like if there were a food shortage, of course prices will go up and yes people will start selling expired food in back-allies. Your area probably has more jobs then housing, the only way to fix that is more housing, or you know less jobs.

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