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These companies own 0.64% of Metro Atlanta homes. Whereas Walmart owns 25% of the US grocery market. What are you worried about here?

grecy 3y ago
I'm worried about the housing crisis that is gripping so many countries where regular people are utterly incapable of buying houses because they're wildly unaffordable and there are not enough. Private companies can profit of commercial real estate. They can profit off manufacturing and consulting. They should not be allowed to profit on thing basic essentials that people in our society need to live when doing so means some people simply miss out. How would you feel if we were at a buffet for every meal and a private company took so much food you and your family got barely scraps, day after day, year after year? That is PRECISELY what we're doing with housing.
- dukeyukey 3y ago
  We don't worry about food because we have an abundance of it, maybe not quite at the right ratios but enough that basically nobody starves. So we should do that for housing - build so much of it that pretty much anyone can get a home. The issue is that, not that 3 companies hold a miniscule 0.64% of an area's housing. Build houses. Flood the market with houses.
  - grecy 3y ago
    > Build houses That would be great. So, ah, when are we getting started and when will they be done? We've seen time and time again big infrastructure projects are hamstrung by red tape and NIMBYs, it's never going to happen. Also, just the materials for a house in many parts of Canada are $500k now, so it's not like you can just magically build an affordable house.
    - dukeyukey 3y ago
      As soon as we decide to start building houses. Probably by liberalising planning, but also by reducing the cost of the matereials. Housing poverty is a choice made by governments, mostly on behalf of everyday people who want their home to appreciate. But banning companies from owning houses isn't going to solve anything. It's a symptom, not a cause.
- younshin21 3y ago
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grecy 3y ago

I'm worried about the housing crisis that is gripping so many countries where regular people are utterly incapable of buying houses because they're wildly unaffordable and there are not enough. Private companies can profit of commercial real estate. They can profit off manufacturing and consulting. They should not be allowed to profit on thing basic essentials that people in our society need to live when doing so means some people simply miss out. How would you feel if we were at a buffet for every meal and a private company took so much food you and your family got barely scraps, day after day, year after year? That is PRECISELY what we're doing with housing.

dukeyukey 3y ago
We don't worry about food because we have an abundance of it, maybe not quite at the right ratios but enough that basically nobody starves. So we should do that for housing - build so much of it that pretty much anyone can get a home. The issue is that, not that 3 companies hold a miniscule 0.64% of an area's housing. Build houses. Flood the market with houses.
- grecy 3y ago
  > Build houses That would be great. So, ah, when are we getting started and when will they be done? We've seen time and time again big infrastructure projects are hamstrung by red tape and NIMBYs, it's never going to happen. Also, just the materials for a house in many parts of Canada are $500k now, so it's not like you can just magically build an affordable house.
  - dukeyukey 3y ago
    As soon as we decide to start building houses. Probably by liberalising planning, but also by reducing the cost of the matereials. Housing poverty is a choice made by governments, mostly on behalf of everyday people who want their home to appreciate. But banning companies from owning houses isn't going to solve anything. It's a symptom, not a cause.
younshin21 3y ago
[dead]