Building houses to solve the housing crisis implies that the crisis was caused by a lack of homes. Every single one of the 2 million houses would be picked up by a property firm or a Chinese millionaire just the way it has been happening for the last ten years. What you really need is legislation, but what you are getting is more food for the hounds.
Supply and demand. Corporate interests will only buy homes when theres a profit incentive. A housing shortage makes great profit opportunities.
If there are too many airbnbs so they don’t get rented, there’s no longer a profit. If there are enough houses that you can’t buy to flip at guaranteed markup, there goes the profit. If there’s enough houses that you’re not guaranteed a quick sale on your investment, there goes the profit. The point is there are limits on those ownership patterns so you can build your way out of it
Building houses to solve the housing crisis implies that the crisis was caused by a lack of homes. Every single one of the 2 million houses would be picked up by a property firm or a Chinese millionaire just the way it has been happening for the last ten years. What you really need is legislation, but what you are getting is more food for the hounds.
Supply and demand. Corporate interests will only buy homes when theres a profit incentive. A housing shortage makes great profit opportunities.
If there are too many airbnbs so they don’t get rented, there’s no longer a profit. If there are enough houses that you can’t buy to flip at guaranteed markup, there goes the profit. If there’s enough houses that you’re not guaranteed a quick sale on your investment, there goes the profit. The point is there are limits on those ownership patterns so you can build your way out of it