Investors bought a quarter of US homes sold last year

Re:Investors bought a quarter of US homes sold last year by renewiltord on Tuesday August 23, 2022 @03:09PM (#32569768)

LOL that is total bullshit. In SF, they oppose high-density high-income housing too. It's total motte and bailey shit. Here's the real algorithm:

    if density == low:
      return "This won't solve the problem"

    if income == low:
      return "This ruins the neighbourhood character"
    
    if density == mid and income == high:
      return "This is gentrification and soulless coffee shops!"

    if density == high and income == high:
      return "This is for Arab/Chinese/local-xenophobe-target-du-jour investors only"

    return "This ruins the neighbourhood character"

The absolute bullshittery around this nonsense is really something.

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Re:Investors bought a quarter of US homes sold last year by kitsunesoba on Tuesday August 23, 2022 @03:36PM (#32570239)

This pretty much nails it. The way I saw it put which feels fitting is, “Everybody who moves into San Francisco wants to be the last person to move into San Francisco”. Of course this isn’t a practical desire in any city, but that doesn’t stop people from trying to make it happen anyway.

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Re:Investors bought a quarter of US homes sold last year by TuringNYC on Tuesday August 23, 2022 @06:10PM (#32572259)

>> “Everybody who moves into San Francisco wants to be the last person to move into San Francisco”.

Person moves to SF and puts down life savings as down-payment on 1:4 leveraged home...not a surprise they want to ensure they arent wiped out. A 20% decrease in value wipes out the life savings. The whole system is designed to perpetuate itsself.

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Re:Investors bought a quarter of US homes sold last year by Dracophoenix on Tuesday August 23, 2022 @03:28PM (#32570111)

You have it. You can be a NIMBY, YIMBY, or any other XIMBY, but there's just no winning.

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