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> Support groups like https://yimbyaction.org/ https://yimbyaction.org/ if you want to 'stick it to the investors'. I’m pretty sure you’re not sticking it to i
by an_opabinia 5y ago
> Support groups like https://yimbyaction.org/ https://yimbyaction.org/ if you want to 'stick it to the investors'.
I’m pretty sure you’re not sticking it to investors if you support development.
You might be sticking it to different investors.
- MoosePirate 5y agoDisincentivize the rent-seeking investors. Incentivize the investors creating and selling something of value.
- davidw 5y agoPrecisely. Also, really, the vast majority of benefits from housing scarcity accrue to existing homeowners: https://oregoneconomicanalysis.com/2021/03/16/who-benefits-from-the-housing-market-graph-of-the-week/ https://oregoneconomicanalysis.com/2021/03/16/who-benefits-f...
- jimrandomh 5y agoThe word "investor" is conflating two things. On one hand you've got "investment" where someone pays up front for materials, construction workers, and equipment, producing a building, and then makes money by selling or renting that building. This is good, because it resulted in a building that people can live in. On the other hand you've got "investment" where someone purchased a preexisting building, in a way that's disconnected from the process that caused it to get built in the first place. This is usually neutral or bad. So yes, it's sticking it to different investors. But that's a good thing! Stick it to the investors for whom "investment" means pushing dollars around, rather than the ones for whom investment means construction.
- jlawson 5y agoA major reason the first investor built the building is because he/she knew someone else would buy it later. Otherwise people can only invest things they're ready to run themselves basically forever. This would destroy the economy.
- JAlexoid 5y agoInvestors in passive assets can go screw themselves. Developers aren't passive asset investors, they ... you know ... actually create things.