PracticableSolution t1_jef3aps wrote on March 31, 2023 at 3:32 PM

Reply to comment by mk1power in These NJ counties saw the largest population drop as residents migrate to other areas by madrid987

Good point and I misspoke; “if the population is going down, where is the housing stock?” is what I should have said.

BriarKnave t1_jefdcmh wrote on March 31, 2023 at 4:37 PM

Being bought out by all consuming rental companies and investment funds.

jeandlion9 t1_jefi9iz wrote on March 31, 2023 at 5:08 PM

That’s made up according to some here lol but I’m assuming they were rich lol

[deleted] t1_jefqx8m wrote on March 31, 2023 at 6:05 PM

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breakplans t1_jefrwd1 wrote on March 31, 2023 at 6:12 PM

People with more money, and also willing to go into more debt (I’ve heard about some insane mortgages - you’re not supposed to buy as high as possible!), or who have families with money willing to buy them a house. My husband and I talk about this a lot - why do people have bigger houses and nicer cars than we do? But the answer is, they’re more comfortable with debt than we are.

[deleted] t1_jefst9m wrote on March 31, 2023 at 6:18 PM

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schwatto t1_jegkftr wrote on March 31, 2023 at 9:23 PM

Actually we’ve pretty consistently gotten outbid by flippers and investors who are renting out. Not companies but just people with deep pockets. We need a rule where everyone who wants gets a plate before you can get seconds.