All Forum Posts by: Jacob Ofei

All of the replies were very insightful! I’ll try and focus on investing more time in myself rather than moping around complaining (wouldn’t get me anywhere anyway). I have a bit of experience in public speaking, social media marketing, and apartment leasing, so it sounds like I have a decent foundation. My major is information technology so I’ll try and merge these skills into something that will make me desirable to employers who will hopefully pay for my education. 

I wanted to start a discussion to understand why a) housing is no longer affordable & b) why so many rental/apt properties are popping up nationwide. 

My reasoning behind my inquiry:

From recent reports of price gouging, large investment firms buying single family home, property management monopolies, and the possibility of a housing market crash, I have become extremely concerned I will never be able to own a home and will be renting with little to no options to build equity from a young age.

While I see brand new complexes being built all over the country, the prices don’t reflect the communities they reside in. Most areas aren’t dealing with lack of housing, but the lack of affordable housing. 

I want to solely blame corporate greed for these outcomes, but this is just my speculation and want to be informed on what’s really causing the housing market crisis.