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A comment on The global housing market is broken, and it’s dividing entire countries. Parent comment

Re:The global housing market is broken, and it’s dividing en... by 93po on Monday July 25, 2022 @06:05PM (#32231547)
Yes, Wall Street is clearly not to blame. And Vox has no conflict of interest here to say this. It's not like they're 34% owned by Comcast, have had more than 6 large institutional investment firms invest in ownership, and more than a dozen well known angel investors as well. I am sure there is no undue influence to have this story written by someone who is sympathetic to Wall Street, Jerusalem Demsas, who is also anti-rent control, wrote an entire article and recorded a half hour podcast defending Zillow buying up entire neighborhoods, criticizes public housing as unsafe and that it could be fixed by privatizing it, and is extremely anti-zoning.

Also one of the largest investors, Accel, totally didn't own Trulia, which was totally not bought by Zillow. And Zillow totally isn't a major advertiser on Vox[0].

[0] https://www.vox.com/ad/16158882/zillow-zestimate-explained

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Re:The global housing market is broken, and it’s dividing en... by davidw on Monday July 25, 2022 @11:42PM (#32233997)
As someone involved in a local pro-housing organization, what I see, day in, and day out, is my own neighbors trying to stop housing. Following that... maybe short term rentals. Somewhere way down the list are institutional investors.

Just off the top of my head, in a town of 100K, I can pretty easily think of 100's of homes that were not built because of NIMBYs.

Also, did you miss the bit where Zillow got their asses handed to them because they screwed up and lost a lot of money?

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Re:The global housing market is broken, and it’s dividing en... by tptacek on Tuesday July 26, 2022 @12:37AM (#32234290)
Surprising nobody, I will chime in and say the same thing. In particular, I've seen "we should be investing in new public housing" repeatedly deployed to oppose dense housing developments where I live; it's a deeply cynical thing to say, because not only does it demand that prospective residents be locked out of the area until we boil the ocean with some revolutionary new top-down housing policy, but the only reason the NIMBYs say it is because they know it won't happen --- if it did happen here, they'd be up in arms against it.
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Re:The global housing market is broken, and it’s dividing en... by tptacek on Monday July 25, 2022 @08:27PM (#32232780)
I believe the public housing we've implemented in the past has been a dehumanizing debacle, that housing was dramatically improved by the Section 8 program that largely privatized it (I live on a block with several Section 8 houses), don't have any problem with Zillow's iBuying program (they were trying to build a kind of market-maker for residential real estate, which is a real problem that impacts real homeowners and badly needs solving), believe rent control is counterproductive, and believe one of the biggest problems in all of housing is restrictive SFZ zoning rules.

Where's my check? Should I contact Accel? If I'm owed money pro-rata vs. Vox's readership, I should be able to buy a new car with the money.

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Re:The global housing market is broken, and it’s dividing en... by JamesBarney on Monday July 25, 2022 @07:06PM (#32232131)
You're right either everyone who has studied supply/demand/pricing and is informed about the topic is a shill.

Or they all don't believe it's the investors because they're right and that's what the data says.

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Re:The global housing market is broken, and it’s dividing en... by rayiner on Monday July 25, 2022 @07:22PM (#32232268)
It takes a special level of “connect the dots” Glenn Beck thinking to accuse Vox of being shilling for Wall Street.
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Re:The global housing market is broken, and it’s dividing en... by 93po on Monday July 25, 2022 @07:35PM (#32232388)
It takes a special innocence to think massive multibillion dollar investors don't influence the media companies they own.
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Re:The global housing market is broken, and it’s dividing en... by pj_mukh on Monday July 25, 2022 @10:06PM (#32233426)
Just a small correction. Jerusalem Demsas has changed her opinion on rent control [1]. Her corporate overlords must be MAD!

[1] https://www.vox.com/22789296/housing-crisis-rent-relief-cont...

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