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Re:JPMorgan to spend $1B on rental homes in the US to become... by mythhouse on Saturday December 31, 2022 @12:11PM (#34198403)
every single post that has anything to do with housing turns into this

- prices dropping is a good thing

- nimby are the real evil

- we should promote the idea of housing as utility not a store of wealth

- but govt encourages housing as wealth via subsidies, tax breaks, bailouts ect.

- poc should be allowed to build inter-generational wealth via housing. This shouldn't be suddenly cancelled.

- we should be building more public housing like germany and france.

- some random side convo about gentrification

- another side convo about suburban housing = bad. we should all live in tightly packed cities with no cars.

Rinse and repeat.

I think this topic is might be second only to 'tech interviews and hiring' in terms of predictability

Re:JPMorgan to spend $1B on rental homes in the US to become... by bumby on Saturday December 31, 2022 @12:32PM (#34198584)
>poc should be allowed to build inter-generational wealth via housing

IMO, this is slightly at odds with the OPs point that creating housing investments is a bad thing. One of the problems in my eyes is that a disproportionate amount of Americans wealth is tied up in their homes. This creates incentives to protect those "investments" through things like NIMBY policies, tax incentives, etc. An alternative would be to create a system that fosters more diversified inter-generational wealth.

Re:JPMorgan to spend $1B on rental homes in the US to become... by geocon on Saturday December 31, 2022 @12:31PM (#34198578)
How dare people get concerned over something so trivial as "having someplace to live"
Re:JPMorgan to spend $1B on rental homes in the US to become... by mythhouse on Saturday December 31, 2022 @12:45PM (#34198747)
well..lets hear your genius idea then. Idea that isn't people voting to bring down their own property values.
Re:JPMorgan to spend $1B on rental homes in the US to become... by geocon on Saturday December 31, 2022 @12:49PM (#34198786)
Implement a land value tax by exempting buildings and improvements from paying a property tax, shift state income and sales taxes onto land value, and ease zoning regulations.
Re:JPMorgan to spend $1B on rental homes in the US to become... by notatoad on Saturday December 31, 2022 @01:05PM (#34198951)
that's still going to have the effect of lowering property values though.

it's a catch-22. "lowering the cost of housing" and "lowering property values" are the exact same thing. there's no actual political appetite to lower the cost of housing, because all the people in charge of making those decisions are property owners who don't want to see their investment lose value.

Re:JPMorgan to spend $1B on rental homes in the US to become... by geocon on Saturday December 31, 2022 @01:20PM (#34199103)
It may lower property values some, but in the long run even homeowners will be better-off as other, more burdensome taxes decrease. Sure, increasing land taxes may not be that popular, but pair it with abolishing income taxes? That's a different political proposition.

It's also why my first step is not to sell it as the implementation of a new tax; rather, it is an exemption to buildings. People don't like new taxes, but everyone loves exemptions!

Political problems are often difficult to solve but that by no means makes them impossible.

Re:JPMorgan to spend $1B on rental homes in the US to become... by xeromal on Saturday December 31, 2022 @12:27PM (#34198543)
This should be a bot.
Re:JPMorgan to spend $1B on rental homes in the US to become... by screye on Saturday December 31, 2022 @12:56PM (#34198856)
> - nimby are the real evil

> - another side convo about suburban housing = bad. we should all live in tightly packed cities with no cars.

Are they wrong though ?

Removing zoning restrictions (and fake environmental/historical significance reports) will immediately restore supply-n-demand stability to housing. Want more housing ? Build it. Simple as that.

> second only to 'tech interviews and hiring' in terms of predictability

The main difference is that no one has a good alternative to tech interviews. On the other hand, every single NIMBY problem has been analyzed to death, with location relevant solutions proposals and verified proofs of them working.

Re:JPMorgan to spend $1B on rental homes in the US to become... by standardUser on Saturday December 31, 2022 @01:48PM (#34199404)
Many of those perspectives have gained ground in recent years/decades and were not common or popular perspectives in years past, when housing prices weren't in crisis. You make it sound like repetitive nonsense when in fact these are salient points, relevant to the times and worthy of being spread and discussed.