The whole 'tight' competition thing is kinda a bummer for first-time buyers, right? I mean, they're already at a huge disadvantage just because of how little homes are available. And it's not like they have any other options - rent prices are gonna keep going up anyway.And don't even get me started on the whole 'cash buyers' thing...
It's just so frustrating for people who aren't swimming in cash to even think about trying to compete with them. I feel like we're already seeing the effects of this - I've got friends who are renting out rooms or taking multiple jobs just to scrape together enough money to afford a place.I know some folks might say that more construction projects and lower mortgage rates will help ease things up, but let's be real...
We're still talking about a city with like, super low inventory levels. It's not like the supply is gonna magically increase just because some builders throw up a few more houses. And what about those people who are already renting? Are we really expecting them to just move out and make way for all these new homeowners?It feels like policymakers are only talking about 'effective solutions' when they're trying to sell their own agendas...
We need real change, not just some Band-Aid fix on the side.