3 ms·
Don’t we have the problem where, because so many people view housing as an investment, the demand for housing exceeds the number of residents? I.e., there’s an
by yowzadave 3y ago
Don’t we have the problem where, because so many people view housing as an investment, the demand for housing exceeds the number of residents? I.e., there’s an incentive to maintain scarcity, so that people’s investments don’t lose value. How do you keep the new housing supply from being instantly bought up by investors rather than residents?
- dns_snek 3y agoPresumably through a combination of building enough housing to meet the demand in the long term and by strongly disincentivizing ownership of multiple housing properties and/or outright bans when it comes to corporations.
- bradleyjg 3y agoI don’t claim it’s an easy problem to solve but it’s the problem at hand. The biggest barrier is not market dynamics—-you could just build through the demand—-but the political pressure of all those current owners that demand a windfall and will be very unhappy if affordability is achieved.