4 ms·
Build more housing
by exabrial 7mo ago
Build more housing
- testing22321 7mo agoIf investment companies that already own tens of thousands of homes buy them and keep increasing the rent, the problem has not been solved.
- brazzy 7mo agoExcept they cannot increase rents when there is enough supply for a market to actually work.
- testing22321 7mo agoThe market will remain irrational longer than… Of course they can when they own them all. See De Beers diamonds. Buy them all, keep the price artificially high.
- larsiusprime 7mo agoDiamond prices are famously crashing now due to artificial lab made diamonds (increased supply)
- nroets 7mo agoThe De Beers cartel was able to avoid anti trust scrutiny because the best reserves are outside (Africa/Canada/Russia) of the most lucrative markets (US/Europe/Asia). Corporations control only a small faction of housing supply.
- matkoniecz 7mo agoInsanely stupid restrictions on residential construction make it easier.
- exabrial 7mo agoThey can only do that (own them all) with government assistance. See De Beers diamonds, who leveraged the legal system to create a monopoly. The solution is to build more housing and get the government out of the picture.
- idbnstra 7mo agoland value tax would fix this
- exabrial 7mo agoNo, build more housing.
- CWuestefeld 7mo agoThat's not a different choice. LVT makes it more expensive to hold land that's less productive than it could be, the result of which is that development is encouraged.
- exabrial 7mo agoNo, building more housing. Read the article.
- Windchaser 7mo agoInvestment companies own only about 2% of the housing market, and most of these are rented out. Investment companies aren't really the cause of housing prices remaining high - in moderate- and high-demand areas, we simply aren't building enough to keep up with demand.
- exabrial 7mo agoYou literally didn't read the article. Build more housing.
- SOLAR_FIELDS 7mo agoI do really enjoy all the arguments coming up in this post that are pretty easily defeated by “build more housing”. No one has been able to come up with a compelling argument about why this doesn’t work.
- HDThoreaun 7mo agoInvesting in housing only makes sense when supply is limited. The way to stop investors from hoarding housing is to make housing a bad investment by building a lot of it so cornering the market is impossible.