A lack of housing is very explicitly our problem. Houses that are empty are not unowned.
Until housing is no longer seen as an investment, which can only happen if we are allowed to build sufficient housing, housing will continue to go up in value, and thus more people will invest
Anyone who sees their home as their “nest egg” is part of the problem.
So you build 500,000 new homes and blackstone or other companies buy 450,000, meaning you only actually generated 50,000 new homes. No, corporate interests are the vast majority of the problem with housing. Your neighbor renting out their house after buying a 2nd isn’t the issue.
Constraining supply, either by not building, or by buying everything available, means higher prices, so they don’t have to sell as many houses to make the same revenue.
A lack of housing is very explicitly our problem. Houses that are empty are not unowned.
Until housing is no longer seen as an investment, which can only happen if we are allowed to build sufficient housing, housing will continue to go up in value, and thus more people will invest
Anyone who sees their home as their “nest egg” is part of the problem.
It can happen through legislation.
Yes, legislation that changes zoning policy and incentivizes building.
That would be the neolib solution, yes
So, the correct one.
So you build 500,000 new homes and blackstone or other companies buy 450,000, meaning you only actually generated 50,000 new homes. No, corporate interests are the vast majority of the problem with housing. Your neighbor renting out their house after buying a 2nd isn’t the issue.
Assuming some large capital group buys all those homes, they’re going to do it to try to make money off of it.
More supply means lower prices
Constraining supply, either by not building, or by buying everything available, means higher prices, so they don’t have to sell as many houses to make the same revenue.
Gonna go ahead and throw out that people whose job it is to make said revenue saying that selling more makes them more revenue makes this not track