Too little supply, high demand and wicked interest rates are to blame for the bleak housing market. Ana Kasparian discusses on The Young Turks.
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"Earlier this year, I moved from San Francisco to New York with my dogs, kids, and husband. My family rented an apartment. And once we figured out that we liked it here and wanted to stay, we looked to buy a place.
For roughly 11 minutes, before realizing that literally any other activity would be a better use of our time. Brooklyn has 1.1 million housing units. Just a dozen of them seemed to fit our requirements and were sitting on the market. All of the options were too expensive. And that was before factoring in the obscene cost of a mortgage."
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