Housing should be for living in, not investing in.
But before people go off on one about forcing up prices by controlling supply, that requires investors to actually push that lever, which means they need to leave places empty - and whenever I check there is never evidence of this.
There are many possible solutions to the housing crisis, but many of them upset rich people so executing them is difficult. I meant executing the plan. Executing the rich people is also difficult, and may incidentally improve things.
There's more money to be had buying houses than building them. More capitalists buy houses instead of building them. This makes home prices rise. So more capitalists buy houses instead of building them, prices go up more. Lather, rinse, repeat.
9 Comments
RotatingParts@lemmy.ml · 30 pts · 96d
Private equity should be gotten rid of. It destroys everything it touches.
0tan0d@lemmy.world · 9 pts · 96d
Everyone is mad at AIPAC but they are late to the game while private equity has owned the US government since they got scared by occupy wallstreet.
HobbitFoot@thelemmy.club · 1 pts · 95d
Don't worry, now people's 401(k)'s can invest in private equity!
FishFace@piefed.social · 24 pts · 96d
Housing should be for living in, not investing in.
But before people go off on one about forcing up prices by controlling supply, that requires investors to actually push that lever, which means they need to leave places empty - and whenever I check there is never evidence of this.
roger.wood@feddit.online · 8 pts · 95d
Here in Southern Utah there's neighborhoods that are 75% second homes. I see that a lot.
jtrek@startrek.website · 3 pts · 95d
There are many possible solutions to the housing crisis, but many of them upset rich people so executing them is difficult. I meant executing the plan. Executing the rich people is also difficult, and may incidentally improve things.
Triumph@fedia.io · 3 pts · 96d
There's more money to be had buying houses than building them. More capitalists buy houses instead of building them. This makes home prices rise. So more capitalists buy houses instead of building them, prices go up more. Lather, rinse, repeat.
Etterra@discuss.online · 2 pts · 95d
Who owns all these private equity firms? Asking for 1 in 8 friends.
boaratio@lemmy.world · 0 pts · 96d
Cool.