They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
You still think you’re bidding against other people for housing. That’s not the case, often, these days. Corporate land grabbing is the largest proponent of the housing crisis. That has to be ended before anything will get better on that front. Education for profit is another absolute crime against the citizenry. College should only cost what education costs, not what it costs to hire the fucking football coach and build a goddamn stadium.
Here’s a source: https://www.housingwire.com/articles/no-wall-street-investors-havent-bought-44-of-homes-this-year/
You’re being against people with under 10 homes, which I agree is still a problem, but you’re not bidding against large corporations.
You’re bidding against both, and increasing the amount of money people have also gives people who already own a home the opportunity to buy another one and get in on the investment those corporation are. All you’ll get is inflation and probably a crash leaving you owing more than the homes worth when it all comes tumbling down. Throwing money isn’t the solution. Building more multi-family buildings and legislating multi-home ownership including corporations is.