4 ms·

No, they are too. If you build, blackrock, or evergrand will buy it for a lot more than most can afford. The goal being to limit stock and push the prices of th

• max47 3y ago
  As long as they don’t leave it empty, they are not limiting the stock. Changing the name on a piece of paper doesn’t magically creates new houses out of thin air.
  • jessfyi 3y ago
    Well they are leaving them vacant. Both rentals and houses across the country are sitting unfilled. NYC has anywhere from 13-26k rent controlled apartments vacant. As of last year ~16 million homes were estimated to be vacant overall and increasing interest rates have likely increased that. Why? Because these large orgs have purchased them via debt and it's just a line-item on a spreadsheet to them. Just build might work in a world where market actors were wholly rational and the government regulations actually targeted these perverse incentives, but that's not the reality we currently find ourselves in.
    • dublinben 3y ago
      Why "Vacant Homes" Won't Solve the Housing Crisis - https://www.youtube.com/watch?v=3xZXdXxYBGU https://www.youtube.com/watch?v=3xZXdXxYBGU
    • vel0city 3y ago
      Vacancy rates aren't generally increasing though. Vacancy rates are lower now than in 2003 by a good bit. https://www.census.gov/housing/hvs/current/index.html https://www.census.gov/housing/hvs/current/index.html