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This is why I can't take the "we just need more supply!" crowd seriously. Building more supply is just sacrificing more stock to the investor class.
by jimbob45 4y ago
This is why I can't take the "we just need more supply!" crowd seriously. Building more supply is just sacrificing more stock to the investor class.
- pwinnski 4y agoIs anybody saying "just" in that sentence? We do need more supply. We also need changes to existing policy to prevent what this article describes. Both and, not either or.
- carom 4y agoI'll take the supply position. So much of LA is zoned for SFHs. Now they can have an ADU but that doesn't do much. We need density. We need to make it easier to build. That slows down climbing rents. LA housing is at a massive deficit.
- haroldl 4y agoA large enough increase in supply could cause property values to level off while also increasing the vacancy rate for rental properties. I think the idea is that those circumstances would make real estate no longer attractive as an investment.