"Developers buy properties in bad neighborhoods in the hope of improving and renting them, but without profit, where is the incentive to invest?*" Precisely, t

"Developers buy properties in bad neighborhoods in the hope of improving and renting them, but without profit, where is the incentive to invest?*" Precisely, there should be no profit incentive. Society doesn't need lazy landlords speculating on gentrification. I don't give a fuck if you're disincentivised to own 8 homes which you can rent out while you holiday in the carribean. Productive societies needs affordable housing for all classes of people. Property is not an asset for speculation or a VC-backed venture return model. Feel free to invest your spare cash in innovation and businesses seeking growth.