4 ms·

Uh, landlords don't control new construction. Government and NIMBYs do. Landlords would gladly accept new development because... it would let them make more mo

• n4r9 7y ago
  Here in the UK we have a chronic issue with a lack of new housing developments, alongside issues like poor rental conditions. We also have a very strong "landlord lobby", and a sizeable proportion of landlords in the ruling party, which get in the way of fixing either issue because it means less return for landlords from the assets they currently own.
• ch4s3 7y ago
  > Uh, landlords don't control new construction. Government and NIMBYs do Well, government and highly engaged groups of voters exercise control in municipalities in Western democracies. Landlords come in many stripes and some are local voters who hold land/property. These landlords are often NIMBYs, as any increase in supply of housing drives down the asset price of housing/land, which is to say their investments. MOst of these landlords aren't in the position to take advantage of liberalized zoning, as the are undercapitalized relative to the cost of land/construction. All of their financial eggs tend be in the basket of their existing property. Larger landlords, or developers/real estate firms may well favor liberalized zoning as they profit from development. However, at the moment many voters hate developers, sometimes for good reasons. In a sense, we're in a bit of a pickle.
• mandelbrotwurst 7y ago
  Not necessarily, depends on which landlords, their access to capital and interest in / ability to obtain ownership over additional properties. If you have a single rental property and no interest or ability in obtaining any additional, then you're going to make less money if new development increases supply and prices go down.