>>Housing is a basic necessity, using it as an investment allocates scarce finite resources to you when you don't need it while consuming limited supply thus re

>>Housing is a basic necessity, using it as an investment allocates scarce finite resources to you when you don't need it while consuming limited supply thus reducing the available stock for those that do. Using it as an investment doesn't deprive others from using it. Using it as an investment means renting the property out to earn investment income on it. And investing leads to that scarce resource becoming less scarce, through construction and expansion of housing supply. Capital leads to abundance. Combating capital investments in housing leads to more housing scarcity. That's exactly what zoning restrictions and rent control do, and why some places have housing scarcity.