4 ms·
People want to blame The Bogeyman so bad, but the answer is usually right around the corner in their own neighborhoods: https://bendyimby.com/2024/04/16/the-he
by davidw 1y ago
People want to blame The Bogeyman so bad, but the answer is usually right around the corner in their own neighborhoods:
https://bendyimby.com/2024/04/16/the-hearing-and-the-housing-shortage/ https://bendyimby.com/2024/04/16/the-hearing-and-the-housing...
I wish everyone who cares about the cost of housing could go to a hearing like that. It's a huge eye opener.
Also, here's a good debunking of investors being some kind of root cause rather than a symptom of housing that is scarce:
https://www.theatlantic.com/ideas/archive/2023/01/housing-crisis-hedge-funds-private-equity-scapegoat/672839/ https://www.theatlantic.com/ideas/archive/2023/01/housing-cr...
- paulryanrogers 1y agoBoth investors buying up homes and i-got-mine retirees can be part of the problem. They aren't mutually exclusive. One puts pressure on existing stock and the other ensures there's no new stock.
- davidw 1y agoIf you get involved with any of this on the ground, it's not really a 'both' question. It's the NIMBYism. Without that, you build enough for it to become not a very interesting investment and large-scale investors go find something else to put money in.