Not everyone who owns a house has emergency savings. Not everyone is good at saving money.
Can’t say the same when waiting for profit-driven landlords to go through the script of checking it out themselves, finding some reason to claim its not broken, and then eventually pestering them for long enough that they do their damn job and hire someone to fix it in a couple weeks.
Not sure where you’re getting that false narrative from.
I’m sure I could build a nice doomsday-prepper shack in the woods somewhere for $70k, though.
Or a single family house in a Midwest city. The United States isn’t just the coasts, you know. There’s a huge portion of land in between.
And you don’t see how landlords—who are buying more real estate than they actually use—create increased demand?
People live in those properties, they’re not “unused”.