Re:Ireland Is Making Basic Income for Artists Program Permanent
by nabla9 on Wednesday October 15, 2025 @10:47AM
(#45593472)
> About 20% of Irish homes are bought by investment funds,
It does not matter who owns them. If there is enough housing, investments funds will lower rents to match the demand. Investment funds can do excessive rent seeking only if the supply is limited.
It's good if foreigners invest in housing, because hoses can't be moved overseas.
Anyone disagreeing, argue against this statement:
Exess rent seeking is possible only when there is scarcity.
When people don't have choises, they must pay what is asked.
If you have 100 people needing a house and 101 houses available, prices will decline. Maintaining empty house is a running loss and house prices and rents will decline to prevent that.
It does not matter who owns them. If there is enough housing, investments funds will lower rents to match the demand. Investment funds can do excessive rent seeking only if the supply is limited. It's good if foreigners invest in housing, because hoses can't be moved overseas.
Anyone disagreeing, argue against this statement:
Exess rent seeking is possible only when there is scarcity.
When people don't have choises, they must pay what is asked. If you have 100 people needing a house and 101 houses available, prices will decline. Maintaining empty house is a running loss and house prices and rents will decline to prevent that.