The housing crisis won’t end until (among other things) corporations cannot freely own limitless numbers of single family homes. We will see perpetual renting because it’s effectively passive income for the corporations, and they have deeper pockets than 99.9% of individuals.
As companies own more and more, but don’t sell, supply dwindles, and the bubble never bursts.
Preventing corporations is one piece of the puzzle, the next is finding a way to not incentivize people using their owner-occupied houses as the retirement investment vehicle.
We won’t be able to build more houses if people keep justifying their votes for bad planning over this fear their house value will drop to zero.
It won’t end until we have significant growth in the supply of housing units in the places people want to live relative to the number of people we have. Anything else is just window dressing.
We’ve been chronically underbuilding for decades, while population continued to grow. What would you expect to happen?
The housing crisis won’t end until (among other things) corporations cannot freely own limitless numbers of single family homes. We will see perpetual renting because it’s effectively passive income for the corporations, and they have deeper pockets than 99.9% of individuals.
As companies own more and more, but don’t sell, supply dwindles, and the bubble never bursts.
Preventing corporations is one piece of the puzzle, the next is finding a way to not incentivize people using their owner-occupied houses as the retirement investment vehicle.
We won’t be able to build more houses if people keep justifying their votes for bad planning over this fear their house value will drop to zero.
deleted by creator
It won’t end until we have significant growth in the supply of housing units in the places people want to live relative to the number of people we have. Anything else is just window dressing.
We’ve been chronically underbuilding for decades, while population continued to grow. What would you expect to happen?