What a terrible article. The solution is throwing more subsidies? Of course it’s not! The solution is making it illegal to own more than a few properties. It really is that easy.
The solution is to build more housing where people want to live.
Don’t get suckered into their blame game. This just results in everybody pointing fingers while the prices continue to soar.
Prices only go up because there’s competition to buy them.
I feel that you missed one basic aspect of economics. Competition is one reason prices might go up. There are other reasons, which are relevant here. Monopolies, collusion, price fixing, goods that people can’t live without, speculation, those are also reasons that prices go up.
In the housing market, it’s not fair, it’s not free, this isn’t a basic supply and demand situation.
To be fair, everyone doesnt want to own housing all rhe time (say you study somewhere for a year for example, you might want to rent. Or when you try out anew city) so some landlording is needed. We don’t need landlords having lots of homes though.
Landlording should never be done for profit. Socialize the fuck out of it. My water, electricity and healthcare is socialized, why do parasites profit off my home?
I’m down with anything. The point is that your rent is not high because Bob has two houses. It’s because the real estate speculators own five thousand.
that will make it easier for people to buy, and even harder to rent. Ie. that will worsen the problem.
EDIT: it’s apparent that Lemmy users don’t understand why someone would actively want to rent, and think everyone wants to buy. This makes the entire topic very difficult to discuss.
Wait a second. You think that if large-scale landlords have to sell property, that will magically make it harder for other people to buy it? Now now. You can do better.
also, I said EASIER TO BUY.
EASIER TO BUY.
HARDER TO RENT.
Can you hear me now?
What do you think drives the price of rentals? Not being able to afford to buy keeps people stuck in rental living where they can be price gouged. If the price of houses drops due to an oversupply, more renters will buy, which reduces demand for rentals, which will drive down the price of rent making it more affordable to rent.
supply. and I look at growing population + foreign investment + rising post-covid building costs.
you’re talking about shifting rentals to buys, which is stupid, because it flat out ignores lack of supply. we need more housing.
not my quote.
More supply of houses for sale will make it easier to buy.
Buying is not renting.
Removing rentals from the supply makes renting harder and more expensive.
I mean I agree with the notion that corporations shouldn’t be buying up entire neighborhoods, but at the same time if a corporation is building neighborhoods then I think it’s fine if they own them. We need more units ultimately
That’s stupid. If a company is buying up already existing units to manipulate prices then there’s clearly an issue with that, but if a company is buildings new units to sell or rent, then where’s the problem? They’re literally introducing new units to the market. God, people on Lemmy are so brain dead.
The solution is making it illegal to own more than a few properties
This problem does not have a single solution. Get rid of landlords and you’re still left with a large group of people fighting over a limited supply. Better zoning laws, removal of parking minimums, better transit + micro-mobility infrastructure, and more below market not-for-profit housing.
It’s not a simple problem, even if the motives that created the problem are.
Why is the for profit house building industry involved in solving the problem they had a hand in making?
Reform the CPA and just build ourselves. Or use the army core of engineers. They are getting paid either way.
Non-profit / below market housing is crucial. Without it, the people who actually keep cities functioning and interesting, service workers, artists, etc get pushed out.
I have a career that enables me to pay a lot of money for housing but I don’t want to live in a neighbourhood that only consists of people like me, cause I’m boring as fuck. I also don’t want to be part of the reason those people get displaced.
More social housing now!
Don’t be stupid. How else an I going to make money by doing nothing? Get a job? That’s for people who don’t pull themselves up by their bootstraps!
