Re:Investors bought a quarter of US homes sold last year
by RodgerTheGreat on Tuesday August 23, 2022 @04:04PM
(#32570696)
I think most people who are against the rentier economy would agree that there is great value in all of those things, but that they shouldn't be a for-profit enterprise. One way to obtain that value without landlords is for the state to buy land, subdivide it, and build dense housing units available to citizens who live in them at a reasonable, or even subsidized, cost.
Re:Investors bought a quarter of US homes sold last year
by carom on Tuesday August 23, 2022 @05:25PM
(#32571753)
My issue with this solution is we do not even allow private entities to build dense housing. So we are breaking a market and then saying the state is the solution. I interact with the government regularly and I do not have faith in their capabilities to get anything done.
Re:Investors bought a quarter of US homes sold last year
by pickovven on Tuesday August 23, 2022 @04:07PM
(#32570739)
There's a difference between building housing and being a landlord.
Re:Investors bought a quarter of US homes sold last year
by carom on Tuesday August 23, 2022 @05:29PM
(#32571796)
I disagree. Someone is funding the construction in the same way that someone is paying for the land and keeping it subdivided (rental units) and available.
Tenants are more than welcome to form LLCs and collectively purchase land and build or buy existing housing. This is called Tenant in Common. Maybe that is a business (non profit) idea for you, make TiC easier.
Not everyone can afford a SFH, there isn't enough land. Not everyone can afford to build. Not everyone wants to have massive switching costs when they need to move.