Re:Investors bought a quarter of US homes sold last year
by colechristensen on Tuesday August 23, 2022 @02:55PM
(#32569516)
OP buying reduces the hosing supply for owners and raises the price to become an owner pushing more people out of the "privileged" owners bracket. At the same time doing it to the most accessible to own property and making money in the process.
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Re:Investors bought a quarter of US homes sold last year
by googlryas on Tuesday August 23, 2022 @03:06PM
(#32569716)
Likewise, the person who buys the house and lives in it takes it off the market for renters, thereby increasing costs to the "unprivileged" renters bracket.
Re:Investors bought a quarter of US homes sold last year
by jiveturkey on Tuesday August 23, 2022 @04:19PM
(#32570907)
indeed. this is why rent control, when coupled with artificial supply constraints, is a net negative