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> We should do both. Build more housing and crack down on speculators. By this reasoning nobody could own multi-family properties because that would be conside
by UncleEntity 4y ago
> We should do both. Build more housing and crack down on speculators.
By this reasoning nobody could own multi-family properties because that would be considered speculation.
Because the only difference is this involves single family homes which are going to be rented out, an act that I’ve never heard called speculation. Of all the predatory tactics Silicon Valley gets up to (hello Uber) this isn’t one of them IMHO.
I’m not sure where people think the houses that get rented out come from but I can guarantee that it isn’t people who are running a charity to provide housing to needy families. They invest capital in real estate with the sole intention of seeking a return on said investment.