2 ms·

Talking about "gambling" is entirely missing that there is a genuine and massive housing shortage in literally every major US metro area. https://www.fanniemae.

Talking about "gambling" is entirely missing that there is a genuine and massive housing shortage in literally every major US metro area. https://www.fanniemae.com/research-and-insights/perspectives/us-housing-shortage https://www.fanniemae.com/research-and-insights/perspectives... There is no level of banning housing speculation that will ever make prices go down. Housing speculation is only profitable because there aren't enough homes in the first place.

littlexsparkee 4mo ago
I read that as more broad - housing as investment; flippers buying properties to upgrade (materially or not) and sell at a premium, removing bottom rungs on housing ladder. i.e. the mindset is an accelerant or maybe even the cause (think back to the roots of restrictive zoning, fear of property devaluation)