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> it seems it would help more if the government would step in to disallow large leasing companies buying up giant swathes of the housing stock My instinct is t
by gniv 3y ago
> it seems it would help more if the government would step in to disallow large leasing companies buying up giant swathes of the housing stock
My instinct is to disagree. That could create other problems and it's not a given that it would help prices. Encouraging growth by changing zoning seems preferable. We know that it works, since Japan has been doing it forever.
- thedaly 3y agoIf the policy goal is to have more homeowners, which I think it should be, you have to do something about private equity buying up all the home stock. Blackrock and its ilk of private equity firms buying up single family homes to turn them into rentals stands in direct opposition to the goal of more people owning homes.
- ryandrake 3y agoWhere was Blackrock when I was desperately trying to sell my home last year? Reduced price three times, and I can assure you that Mister Blackrock didn't contact my agent even once. For an evil wizard intent on gobbling up homes, he didn't seem interested in mine.