3 ms·
> This is a good thing! It doesn't always work that well in practice as investor demand can drive housing stock that is a poor match for housing demand. In th
by ska 6y ago
> This is a good thing!
It doesn't always work that well in practice as investor demand can drive housing stock that is a poor match for housing demand. In theory this should all wash out in a free enough market, but no guarantee that won't take many decades - so it's not much help to people needing housing now.
The structure of investment vehicles for this makes a big difference in what is actually built too, and how the development companies are funded.