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Zillow CEO sounds alarm on worrying trend rattling the US housing market
(www.thestreet.com)
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this post was submitted on 11 Aug 2025
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Pretty sure we have a fair amount of empty houses in the us due to private equity buying them up for profit.
Literally. Some dumbfuck on Twitter was arguing about this issue the other day saying it’s not blackrock or other such private equity firms, the problem is too much regulation preventing new housing being built. But there’s houses empty fucking everywhere. They’re building shit constantly in my city, 3 story townhouses, giant CUBE apts, and the price only ever goes up
If you add AirBnB, apartements empty for speculation and furnished apartments (not standard in germany) together you get, conservatively, something like 6 - 7% of the housing in Berlin being caught up for that bullshit at any given point in time and yet this has never convinced anyone that while yes, build more, the nimby bullshit here is annoying, there might also be, you know, some other problems.
EDIT: Furnished apartments skirt all sorts of rental regulations since, in principle, they're for like people on longer work trips. Realistically they're also just vacation homes or get used to house like 20 rumanian ~~slaves~~ migrant workers in a two bedroom while they build the next glass dildo
When someone says something so abundancephobic you gotta hit em with that Ezra Klein stare
Every homeless person could get 16 vacant properties in the US.
I currently work in property management. I worked on a small highrise that had a 20% vacancy rate, and they weren't lowering prices. Their strategy seemed to be get a tenant in with an absurd lease length with a bunch of incentives and then make it so unaffordable, they couldn't move. For instance, no first month rent, and $200 off for the next year, but people were getting water bills in the multiple hundreds for a single month for a 2 bedroom with 2 adults and 2 children.