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this post was submitted on 13 Jul 2025
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Oh yes, and let's not forget they're often paying cash. It took so long just to get our down payment ready for these overpriced places only to lose to a all-cash bid.
We did eventually get lucky on a place someone backed out of during escrow, during the slow season and with a lot of problems, but yeah, whole process is such a fucking nightmare. The West side of LA is particularly fucked by developers in particular.
Worst part to me, though, are rents being out of control; that's why they do it. My mortgage is 2.4k, which is bad enough, but I know someone paying 4k for similar sq ft in rent. Seriously, we need some radical change to undo this shitshow.
Housing is a necessity. Everyone needs to have a reality check. If you have a place to live and can afford it, feel very luck the chips fell in your favor.
Outlaw multiple property purchasing or just tax it out of existence. Create government built houses for low or first time buyers.
Not everyone needs a 4000sq ft house, maybe build some 1k sq ft houses instead.