Re:Fixing the housing crisis is not rocket science. “Minneap...
by tootie on Saturday September 16, 2023 @09:47AM
(#37534720)
It will make home buying a less attractive investment but people need to live somewhere.
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Re:Fixing the housing crisis is not rocket science. “Minneap...
by mortureb on Saturday September 16, 2023 @12:45PM
(#37536382)
Or move to a different city.
Re:Fixing the housing crisis is not rocket science. “Minneap...
by readthenotes1 on Saturday September 16, 2023 @02:30PM
(#37537306)
I do not believe that it is a bad thing for the home to be a less attractive investment.
Certainly, having something like one out of five homes being bought up by investors simply for the investment seems to be very skewed - something along the lines of old coin collecting or acquiring art.
Housing has a specific purpose and if the supply is so downregulated that it is losing that purpose something has gone wrong...
Re:Fixing the housing crisis is not rocket science. “Minneap...
by tootie on Saturday September 16, 2023 @04:21PM
(#37538345)
It definitely needs to stop being a thing. For housing to be a worthwhile investment it has to become less affordable to future buyers. That applies not just to institutional investors but families as well.