Raw LLM Responses

A big problem is foreign investments in the US housing market. While it’s in a decline foreign entities still put $74b into the us housing market. Only 8% of the 154k homes sold to foreign homebuyers were for $1m+. They build luxury condos that citizens can’t afford, exploit college student turnover to constantly raise rent in places like LA, and create low cost + high turnover housing for Airbnb. Cities come out on top. Foreign investors come out on top. Citizens get fucked by stagnant minimum wage and no way to afford to live in the cities that threw them in the trash for profits. I’d also like to be clear that it’s not just foreign investments. Cities and most of all our government should be doing more to protect it’s citizens’ best interests.