What I absorbed: housing shouldn't be an investment market, otherwise investors try to suck the money out of everyone. Whatever corner they try to hide.
Re:I Hate Living in My Tiny House
by MilnerRoute on Sunday November 20, 2022 @11:24PM
(#33688744)
That's actually one of the big problems with buying a mobile home. They don't really increase in value (as much as, say, owning a traditional home).
You understand that investors are providing a needed service, right?
Their existence in the market doesn't stop you from existing.
We collectively decide what's ok or not. The market is man made, man regulated, if tomorrow we decide housing is a basic necessity we can change that
Meanwhile we let the Qataris &co buy flats in Europe capitals and keep them empty as investments vessels, I find that much more disgusting that "think of the investors =("
Again, how does the existence of investors making money by providing housing prevent you from providing housing at below market cost?
You'll find that it doesn't. That any such restrictions are political decisions not investor decisions.
I wrote about the space rent issue. The bottom line is you may have to abandon your MH or sell it cheap if an investor jacks up the space rent, but the MH cost split over the time of your residency would be relatively small. Example $100k MH over 8 years is about $1k/month worst case.
https://www.newyorker.com/magazine/2021/03/15/what-happens-w...