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.
But right now the situation is people who want to own homes being forced to rent, not people who want to rent being forced to buy a home.
that is not THE situation. That is A situation.
it ignores foreign students wanting to rent while they study.
it ignores people renovating and needing a place to live for 3-5 months.
it ignores people needing a place to live after they move to a new city for work while they shop around to buy a place.
so much ignored.
The point is that it doesn’t solve the problem. The problem is one, we don’t have enough housing supply, and two, the housing supply is largely controlled by parasites (big and small) who profit off their ownership.
Getting rid of landlords solves half the problem but you still have a large group of people who cannot afford to buy homes. You might think that’s good because housing prices will crash but who’s going to build homes when no one can afford to buy them?
I’m not saying I have all the answers but I know for sure that getting rid of landlords is not a silver bullet solution.