The housing crisis is a function of homeowners being heavily economically incentivized to restrict supply of homes.
Do all the finger pointing you want. Nothing changes the fact that homes are a valuable investment because we constantly are tightening the housing market at the behest of homeowners who want a big ROI on the biggest purchase they will ever make.
It doesn't matter if it's a mega corporation, a tiny LLC, or your parents. Every one of them has a unified goal: Increase home prices.
Take [corporation] out of the picture and nothing will change. Small time investors will just snatch up those homes instead.
If you actually want to lower costs. If you understand your home grows in value at the expense of denying others affordable housing. There is only one fix:
> Take [corporation] out of the picture and nothing will change. Small time investors will just snatch up those homes instead.
To a degree maybe. Small time investors are less capable of withstanding increasing interest rates, and often lose steam when it comes to the hell that is running a small residential property portfolio and dealing with repairs, rent collection, etc, for relatively low returns.
Do all the finger pointing you want. Nothing changes the fact that homes are a valuable investment because we constantly are tightening the housing market at the behest of homeowners who want a big ROI on the biggest purchase they will ever make.
It doesn't matter if it's a mega corporation, a tiny LLC, or your parents. Every one of them has a unified goal: Increase home prices.
Take [corporation] out of the picture and nothing will change. Small time investors will just snatch up those homes instead.
If you actually want to lower costs. If you understand your home grows in value at the expense of denying others affordable housing. There is only one fix:
Build.
More.
Housing.