2 ms·
> There are many situations in which rental housing is the solution for people. Then we can address that via rental vouchers to offset the taxes. Real estate
by ethbr0 4y ago
> There are many situations in which rental housing is the solution for people.
Then we can address that via rental vouchers to offset the taxes.
Real estate has the same problem as healthcare, in that it's an enormously complicated system, where any adjustment always has negative outcomes.
However, I agree with parent that the central and most critical failing is -- we are not incentivizing owner-occupied home construction at an accessible price point.
And a critical component of that is decoupling {build and sell to commercial landlord} and {build and sell to occupying owner}. The former will always be able to deploy more capital, and thus drive up the asset price to levels the latter can't afford.
And just to make it explicit: this is independent of density. You can have dense development that is still owner occupied (individual units).