News for hackers. Stuff that matters.
Re:Investors bought a quarter of US homes sold last year by nineplay on Tuesday August 23, 2022 @03:56PM (#32570592)
There are no magic wands here. Property is a limited commodity, it can't be expanded to fit demand.

> then there needs to be a change

No there doesn't

> Having all the low paying workers commute 2 hours to work every day to make frappes and burgers for the rich locals is not a viable option.

Viable is in the mind of the beholder. Viable solutions include

- low income workers moving to more affordable areas, leaving the wealthy to make frappes and burgers with their Kurigs and air fryers

- low income workers continuing to commute feeling it is still the best option for them considering all factors

- wages raise in high-income areas to compensate baristas and chefs, allowing them to move closer to city centers.

All of these are 'viable' and none of them make housing a right or necessity.

Re:Investors bought a quarter of US homes sold last year by pickovven on Tuesday August 23, 2022 @08:26PM (#32573481)
> Property is a limited commodity, it can't be expanded to fit demand.

Explain to me why we can't build more housing?

Re:Investors bought a quarter of US homes sold last year by undersuit on Wednesday August 24, 2022 @12:22AM (#32574950)
Because it's not profitable to build entry level housing when you could build premium housing... unless you have government intervention.