Low interest rates in advanced countries have pushed money into real estate

Re:Low interest rates in advanced countries have pushed mone... by jimbob45 on Wednesday November 24, 2021 @02:58PM (#29334396)

To what end? How many houses do we need before we’re just making houses to enrich people rather than create shelter?

States like Oregon and Washington that greatly limit supply are widely praised for their natural beauty and conservation precisely because they don’t chop down forestry to build cheap homes to sell to the CCP.

Fools have created an acronym - NIMBY - to denigrate those who don’t want to waste land just for personal financial gain. However, there remain very real benefits to conserving forests and very real consequences to turning every square mile of land into an AirBNB. The landlord won’t live in that area and the renter won’t stay in the area long enough to care about the area but the long-term residents will pay the price regardless.

[ Parent | on HN ]

Re:Low interest rates in advanced countries have pushed mone... by JamesBarney on Wednesday November 24, 2021 @05:36PM (#29335988)

If you can afford to live in one of those places it's great. If your homeless you'd probably be ok with a little less green space if it meant you had a home to live in.

Also very little of the NIMBY vs YIMBY debate is whether or not to turn forests into condos, it's almost also SFH vs denser construction.

[ Parent | on HN ]

Re:Low interest rates in advanced countries have pushed mone... by iamstupidsimple on Wednesday November 24, 2021 @05:10PM (#29335760)

> Fools have created an acronym - NIMBY - to denigrate those who don’t want to waste land just for personal financial gain.

Coming at this from a UK perspective, housing is a nightmare here too. But our green belt is at an all time low and London is an unbelievable sprawl. No, I'd rather rent forever than ruin the countryside.

[ Parent | on HN ]