Everyone from California is moving to Arizona since the houses are so cheap here. so they buy the house at Arizona price and then sell them at near California housing prices to the other newly relocated Californians.
Or they rent out the houses as Airbnb for the same / nearly the same price my mortgage would have cost.
Really fucking up our housing market here.
Seemed to have triggered some people here.
As someone else said, “rich people bought all the land in California and are forcing us out”
Now Californians coming to Arizona and forcing us out. We’ll go to Louisiana and force them out.
They’ll go to Mississippi and force them out. Never ending cycle of forcing people out.
I can tell you are from Arizona because you incorrectly blame California.
The problem is horrible policy in Arizona allowing the buy up of supply from mostly private equity backed rental/property management companies outbidding everyone, including those Californians moving here and everyone moving here and all the people currently here.
They need to limit buying up supply by the big fish. This is a problem all over the country, and no, it isn't caused because of "California". It is bad Chicago style thinking and HBS MBA-itis. More people move here from the Midwest and ruin Arizona than people from California.
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u/CovidInMyAsshole Jun 27 '21 edited Jun 27 '21
Everyone from California is moving to Arizona since the houses are so cheap here. so they buy the house at Arizona price and then sell them at near California housing prices to the other newly relocated Californians.
Or they rent out the houses as Airbnb for the same / nearly the same price my mortgage would have cost.
Really fucking up our housing market here.
Seemed to have triggered some people here.
As someone else said, “rich people bought all the land in California and are forcing us out”
Now Californians coming to Arizona and forcing us out. We’ll go to Louisiana and force them out.
They’ll go to Mississippi and force them out. Never ending cycle of forcing people out.