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A comment on Ask HN: Anyone else feels the commoditization of real estate is unethical?. Parent comment

Re:Ask HN: Anyone else feels the commoditization of real est... by drdec on Saturday August 13, 2022 @10:40AM (#32450337)
> It's something that turns a basic necessity into a speculative asset

The solution to that is the same as the housing problem - build more housing.

And it's fine if the new housing is "luxury" housing - then yesterday's luxury housing becomes today's not-so-luxurious, etc.

[ Parent | on HN ]
Re:Ask HN: Anyone else feels the commoditization of real est... by carapace on Saturday August 13, 2022 @11:40AM (#32450880)
In theory. What we see in practice (here in SF) is a glut of vacant luxury homes next to people living in RVs and tents. Belvedere Island (where Captain Kirk will one day live) is mostly empty. The fancy homes there are almost all investments, few people actually live there.
[ Parent | on HN ]
Re:Ask HN: Anyone else feels the commoditization of real est... by drdec on Saturday August 13, 2022 @03:09PM (#32452807)
So build more housing.

Keep doing it until the problem goes away. It will eventually.

[ Parent | on HN ]