Dutch cities want to ban property investors in all neighborhoods

Re:Dutch cities want to ban property investors in all neighb... by com2kid on Sunday September 05, 2021 @12:51PM (#28425688)

> My former mentor bought a house on Nantucket for $150k in 1990, sold for $3.5M earlier this year.

That is literally a luxury good with a fixed supply. As the # of people who desire that good has sky rocketed generation to generation, of course the price went up.

There are limited production run cars from that era that underwent similar price inflation.

For someone who wants to live in Nantucket, there is literally no substitutable good!

[ Parent | on HN ]

Re:Dutch cities want to ban property investors in all neighb... by Spooky23 on Sunday September 05, 2021 @02:09PM (#28426367)

> That is literally a luxury good with a fixed supply. As the # of people who desire that good has sky rocketed generation to generation, of course the price went up.

We’re arguing the same thing. Everyone wants to go to the beach. The ability to get cash to do so increased demand.

[ Parent | on HN ]

Re:Dutch cities want to ban property investors in all neighb... by afiori on Monday September 06, 2021 @04:54AM (#28431737)

But the number of people that can pay 3.5 million dollars for an house is much smaller than the number of people that can take have a 3.5 million house financed. If interest rates were sufficiently low (maybe negative) everybody would be in the second category.

Having more people willing to pay contributes to price increases

[ Parent | on HN ]