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Sovcit tried to buy a house, didn't work. (lemmy.world)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 8 months ago* (last edited 8 months ago)

I live in St Louis, a minor/medium city in the middle of the US. 4 years ago I could throw a rock off the roof of my work and not hit a single house over $100k, I’d be lucky to hit one over $50. Now though? Nothing within miles does less than $150-200, house prices have become insane and it’s only being bought up by rental companies that charge insane rents for what was a literal crackhouse before they bought it.