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You cannot have housing be affordable and an investment. You need to decouple the two. Fundamentally these are in disagreement. If you believe that landlords s

You cannot have housing be affordable and an investment. You need to decouple the two. Fundamentally these are in disagreement. If you believe that landlords should control the world then keep believing this idea that housing should also be an investment. I don’t think housing should be an investment. It is impossible for something to be a good investment and affordable. They go against one another.

zielmicha 3y ago
> It is impossible for something to be a good investment and affordable. They go against one another. Why do you think that's the case? Many companies are a good investment, while they still provide affordable products. Something can be cheap in an absolute sense, while still providing a good return on investment.
- bradlys 3y ago
  Look, for something to be a good investment for everyone you have to perpetually have the asset go up in value. Can you see how that is not affordable? Things that go up in value forever are not affordable...
flavius29663 3y ago
> If you believe that landlords should control the world This seems like such an emotional response. The landlords are also controlled by mortgages if they are small, or by boards of directors - and shareholders if they are large. The landlords can control the rent for their units, that's it. As to investment properties vs affordable ones, there can be some issue there, for example if you buy a house just to park the money somewhere, but you don't rent it out, you keep it empty. That kind of behavior can be really damaging. These are the only kind regulations I would introduce: 1. don't allow properties to sit empty - tax them heavily. And 2. also don't allow airbnb's in highly troubled cities. Unless you're literally sleeping in the same house with the guests, airbnb's shouldn't be allowed for individual housing units. > I don’t think housing should be an investment Let's run a thought experiment: Let's assume you're a retired small business owner that has 5 million dollars in the bank. You can A. built a house in your city and rent it out or B. put the money on the stock exchange. Everything else staying equal, which of the options would create more housing units in your city?
carom 3y ago
Affordable housing is a loaded term. In the US that means housing whose price is fixed to some percentage of the area's median income. I do not want affordbale housing. I want market rate housing with uncapped supply. This would make it a commodity.

zielmicha 3y ago

> It is impossible for something to be a good investment and affordable. They go against one another. Why do you think that's the case? Many companies are a good investment, while they still provide affordable products. Something can be cheap in an absolute sense, while still providing a good return on investment.

bradlys 3y ago
Look, for something to be a good investment for everyone you have to perpetually have the asset go up in value. Can you see how that is not affordable? Things that go up in value forever are not affordable...

flavius29663 3y ago

> If you believe that landlords should control the world This seems like such an emotional response. The landlords are also controlled by mortgages if they are small, or by boards of directors - and shareholders if they are large. The landlords can control the rent for their units, that's it. As to investment properties vs affordable ones, there can be some issue there, for example if you buy a house just to park the money somewhere, but you don't rent it out, you keep it empty. That kind of behavior can be really damaging. These are the only kind regulations I would introduce: 1. don't allow properties to sit empty - tax them heavily. And 2. also don't allow airbnb's in highly troubled cities. Unless you're literally sleeping in the same house with the guests, airbnb's shouldn't be allowed for individual housing units. > I don’t think housing should be an investment Let's run a thought experiment: Let's assume you're a retired small business owner that has 5 million dollars in the bank. You can A. built a house in your city and rent it out or B. put the money on the stock exchange. Everything else staying equal, which of the options would create more housing units in your city?

carom 3y ago

Affordable housing is a loaded term. In the US that means housing whose price is fixed to some percentage of the area's median income. I do not want affordbale housing. I want market rate housing with uncapped supply. This would make it a commodity.