‘This Is Unprecedented’: Why America’s Housing Market Has Never Been Weirder

theatlantic.com

4 pointspaulpauper4 comments

House prices going up, rents going down. It's obvious and everyone knows about it. It's not shocking that it's unprecedented, because, well, what IS precedented when the first global pandemic in the modern era hit?

What I want to know is: how will this change the world? Will micro-houses become a serious thing? Will we see a house development boom? Will rental units gradually convert to more house-like townhomes?

Homes are going up in value because they are "real estate", on a world with inflation about to take over.

Buying a house preserves wealth from inflation.

Renting an apartment you are subject to the inflation, you don't benefit from it.

Buying a house is a hedge against the current fake economy.

The richest people in the world are buying up land like never before. Bill Gates owns more farmland then anyone now.

The billionaire class is planning to rent and sell everything to us in the future.

Isn't this the intuitive result? As people buy houses it decreases the number of renters and potentially increases the number of rentals.

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