While true, in the USA, there are millions of “investment homes” owned by investment firms, all sitting empty, driving down supply and driving up costs. The solution to the housing market in this instance isn’t to increase the availability of 150sqft slum lord flats, but instead to significantly decrease the number of “investment homes” an entity is allowed to own [and to restrict its use (for example, it must not sit empty for more than 6 months)].
Lots of housing is the solution to the housing crisis.
Outlaw AirBnB and corporate ownership of residences or the amount of housing will literally never matter.
Also ban housing as an investment vehicle.
Pull a japan and make wooden houses have a lifespan so I’m not paying top dollar for house that wasn’t renovated since 1935.
Just ban housing 🙂
Almost there… It’s really about ending capitalism.
While true, in the USA, there are millions of “investment homes” owned by investment firms, all sitting empty, driving down supply and driving up costs. The solution to the housing market in this instance isn’t to increase the availability of 150sqft slum lord flats, but instead to significantly decrease the number of “investment homes” an entity is allowed to own [and to restrict its use (for example, it must not sit empty for more than 6 months)].
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