News for hackers. Stuff that matters.

A comment on The Fed now owns nearly 1/3 of all U.S. mortgages. Parent comment

Re:The Fed now owns nearly 1/3 of all U.S. mortgages by thebean11 on Wednesday September 09, 2020 @10:18AM (#24421237)
You sort of can, but it requires increasing density (so per square foot stays similar but those with low incomes can still afford a small place) or older neighborhoods becoming more expensive than newer neighborhoods (happens all the time).
[ Parent | on HN ]
Re:The Fed now owns nearly 1/3 of all U.S. mortgages by egsmi on Wednesday September 09, 2020 @11:51AM (#24422318)
Increasing density likely implies displacing the people presently in the expensive neighborhood for construction. In the U.S. anyway, that’s easier said than done. So that’s definitely a theoretical solution but I’m not sure how practical it is.
[ Parent | on HN ]
Re:The Fed now owns nearly 1/3 of all U.S. mortgages by thebean11 on Wednesday September 09, 2020 @11:54AM (#24422348)
Displacing sure, but it's almost always voluntary! Zoning rules change, and developers start offering the big bucks for existing homeowners to sell.

It's starting to happen in Austin: duplexes/fourplexes are getting built in some of the nicer, more central areas.

[ Parent | on HN ]