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Old 04-09-2016, 11:04 PM
 
424 posts, read 551,757 times
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"However, one would think existing homeowners would see the benefit of their kids being able to buy homes in the area and/or not having to live at home until 30 to do it and/or not requiring parental help to buy a home....but clearly humans are short sighted creatures."

What I see is long time homeowners buying up lots of homes. the ones who have made millions (in equity, not cash) on their existing homes are using the equity to buy up SFH for their kids. The majority of homes I look at to buy for use for my family turn up on Craigslist a week or two after they close.
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Old 04-10-2016, 10:47 PM
 
30,896 posts, read 36,949,177 times
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Originally Posted by Perma Bear View Post
Sounds like helping a small business ie the landlord
Assuming the landlord is a small business. A lot of apartment buildings are run by larger companies.
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Old 04-10-2016, 10:48 PM
 
30,896 posts, read 36,949,177 times
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Originally Posted by dburbs1975 View Post
"However, one would think existing homeowners would see the benefit of their kids being able to buy homes in the area and/or not having to live at home until 30 to do it and/or not requiring parental help to buy a home....but clearly humans are short sighted creatures."

What I see is long time homeowners buying up lots of homes. the ones who have made millions (in equity, not cash) on their existing homes are using the equity to buy up SFH for their kids. The majority of homes I look at to buy for use for my family turn up on Craigslist a week or two after they close.
Sounds a little too anecdotal to me, but I admit I don't know. I'm sure some homeowners are doing this, but I suspect it's not the majority.
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