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It will make home buying a less attractive investment but people need to live somewhere.
by tootie 3y ago
It will make home buying a less attractive investment but people need to live somewhere.
- mortureb 3y agoOr move to a different city.
- readthenotes1 3y agoI do not believe that it is a bad thing for the home to be a less attractive investment. Certainly, having something like one out of five homes being bought up by investors simply for the investment seems to be very skewed - something along the lines of old coin collecting or acquiring art. Housing has a specific purpose and if the supply is so downregulated that it is losing that purpose something has gone wrong...
- tootie 3y agoIt definitely needs to stop being a thing. For housing to be a worthwhile investment it has to become less affordable to future buyers. That applies not just to institutional investors but families as well.