It’s reasonable to use investment capital to produce housing, then have people live in the housing and pay rent to provide returns to the investor. That’s a goo

It’s reasonable to use investment capital to produce housing, then have people live in the housing and pay rent to provide returns to the investor. That’s a good way for society to enable people who can’t build a home to still get to live in a home. This shouldn’t provide permanent unbounded returns, because housing doesn’t last forever, needs to be maintained, and other investors can build more housing to compete away excess returns. The problem is investment returns for land, especially in combination with density restrictions. That’s where the housing affordability problem comes in.