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OP buying reduces the hosing supply for owners and raises the price to become an owner pushing more people out of the "privileged" owners bracket. At the same
by colechristensen 4y ago
OP buying reduces the hosing supply for owners and raises the price to become an owner pushing more people out of the "privileged" owners bracket. At the same time doing it to the most accessible to own property and making money in the process.
- googlryas 4y agoLikewise, the person who buys the house and lives in it takes it off the market for renters, thereby increasing costs to the "unprivileged" renters bracket.
- jiveturkey 4y agoindeed. this is why rent control, when coupled with artificial supply constraints, is a net negative