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…because housing has turned into a highly-financialized, speculative asset, whose value you drive up by limiting supply and through rentiering. When you can mak
by bugglebeetle 3y ago
…because housing has turned into a highly-financialized, speculative asset, whose value you drive up by limiting supply and through rentiering. When you can make more money from buying up homes and blocking construction than you can from building new ones, what results is the crisis we have. It’s the same in many countries (e.g. Canada).
- AlexandrB 3y agoIf nothing changes I think the endgame is increasing ownership of housing by investment firms. As prices increase, they will be the only actors with consistent access to the kind of capital needed to buy real estate.