News for hackers. Stuff that matters.

A comment on Which housing markets are most exposed to the coming interest-rate storm?. Parent comment

Re:Which housing markets are most exposed to the coming inte... by axlee on Wednesday May 11, 2022 @08:19AM (#31338824)
In Paris, 3.5% of households own 50% of apartments on the rental market. Add institutional investors, you are probably looking at 70%+. I'm sure it is the same in every large city. In the whole country, 24% of people control 68% of the housing. Tell me again what needs to be built?

Source: https://www.nouvelobs.com/economie/20211126.OBS51459/3-5-des...

[ Parent | on HN ]
Re:Which housing markets are most exposed to the coming inte... by endisneigh on Wednesday May 11, 2022 @09:20AM (#31339562)
Irrelevant - more housing equals cheaper rent. Or put another way, do you think removing housing from the market makes rent more or less expensive?
[ Parent | on HN ]
Re:Which housing markets are most exposed to the coming inte... by axlee on Wednesday May 11, 2022 @02:52PM (#31344211)
The reason so many are forced to rent is because they cannot buy. At the end of the day, the population is mostly housed, but only a very small percentage benefit enormously from it because they own all the property.
[ Parent | on HN ]