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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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Unless the problem is “we were idiots in thinking that rising property values are a good thing” I don’t want to hear it.
Anything short of “quintuple the housing stock of cities and pop the real estate bubble’ isn’t serious. If we want to solve the homelessness problem. Investors and homeowners need to have their ill-gotten wealth ripped away from them.
Want money? Hire me so I can make you money.
Literally just had my friends idiot brother argue this over the weekend... They live in the last "affordable" (laughably) area on long Island and now that he's a homeowner he was saying how the whole area should have higher home values, that the area "deserves" it, if it just wasn't for "those people" that live here bringing it down (you know what people he means...)
When I asked who the hell could afford to buy 700k+ houses he literally said "rich people."
...literally kicking the ladder down behind him because it would benefit him.
Average Long Islander tbh
Raze the suburbs and build affordable mid density. Especially anything near the LIRR. I grew up in a town in Nassau where everything within a mile of the LIRR station is still single family homes, except a short main street strip with one floor of apartments over ground floor businesses.
And consolidate the school districts. It's racism barely couched in classism, actively reproducing segregation.
Bit idea, when republicans talk like that. Just say “you want housing to be more expensive? How’s that working out for California? But enjoy paying more taxes because you want to feel fancy, I guess…”
This isn't really serious either, that's a massive investment that wouldn't address the root problem of houses being a financial asset. If you want to pop the bubble, outlaw landlords, mortgages, and owning a house that stays empty for more than six months. Then prices will necessarily crash until people can actually afford them. (And yes, also build more, and build public housing for the people that still leaves behind.)