Re:Investors bought a quarter of US homes sold last year
by giantg2 on Tuesday August 23, 2022 @03:53PM
(#32570536)
Likely under the guise of safety, environment, etc like building codes and conservation zoning.
Re:Investors bought a quarter of US homes sold last year
by throwaway0a5e on Tuesday August 23, 2022 @06:17PM
(#32572331)
>safety, environment,
It's amazing the power those subjects have to turn "YIMBY" into "regulate me harder daddy".
The cognitive dissonance required to enable this about face is a bad thing and seems to be becoming more and more prevalent and accepted in all sorts of public policy contexts.
Re:Investors bought a quarter of US homes sold last year
by giantg2 on Tuesday August 23, 2022 @07:20PM
(#32572886)
It's because it's "regulate my neighbor" and it doesn't currently apply to them, until they need to remodel or whatever years down the road. Most people don't realize the full impact of the legislation they support.
Yes, the institutional investors aren't going to be in your local council meeting. They will be meeting with your state assembly members. They will be meeting with your Congresspeople. They won't be literal NIMBYs focusing on anyone's "backyard". However they will be working towards the same goals at NIMBYs, just at a larger scale.