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Cake day: September 25th, 2025

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  • I mean it’s obvious it’s to make it too expensive for people who purchased the poorly maintained housing they could afford to be able to afford to keep it and make way for real estate investors to keep the housing vacant for profit or developers and gentrification. My neighborhood has so much vacant property owned by investors, though most of it is the opposite, too expensive for a regular person to own and live in and it keeps the supply low and thus prices artificially high for people who need housing. If they can keep people out of the poor neighborhoods, too, then prices will skyrocket as people have fewer options. Great way for capitalists to “fix” a real estate slump I guess.