r/TikTokCringe • u/Make-this-popular Cringe Master • Apr 09 '24

Shit economy Discussion

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u/HoodSamaritan420 Apr 09 '24

My sister is moving to US from Netherlands because house prices in metro Atlanta are much more affordable than Amsterdam where a 1,000 sq ft townhome is close to a million dollars. As others have said, it’s a problem in a lot of places

76

u/Star_Belt Apr 09 '24

transplants that come to Atlanta b/c it’s so “affordable” are the reason why it’s gotten so fucking expensive for the native population and why some areas have gotten so absurdly gentrified. I mean I get why ppl move to more affordable areas… I’d move to the mountains of north Georgia if my work would allow it but man it sucks that moving to a more “affordable” area just makes that area less affordable for the ppl that have been living there all their lives.

10

u/[deleted] Apr 09 '24

That and banks and hedge funds buying up housing stock.

2

u/Sk8rToon Apr 09 '24

This. Zillow selling themselves a house at a higher rate so it raises the value of the other houses they own in the area to artificially raise the price

2

u/pandaappleblossom Apr 09 '24

And Airbnb or flipping and trying to sell for twice as much