The housing crisis won’t end until (among other things) corporations cannot freely own limitless numbers of single family homes. We will see perpetual renting because it’s effectively passive income for the corporations, and they have deeper pockets than 99.9% of individuals.
As companies own more and more, but don’t sell, supply dwindles, and the bubble never bursts.
I recently read that a place in MD (montgomery county, I think?) Is taking advantage of the high interest rates, which effectively block private housing development projects, to fund low-income public housing projects with developers who would normally only go with private clients. Building more multi-unit housing and making the supply publicly owned is just about the only way I see the housing crisis improving at this point
It won’t end until we have significant growth in the supply of housing units in the places people want to live relative to the number of people we have. Anything else is just window dressing.
We’ve been chronically underbuilding for decades, while population continued to grow. What would you expect to happen?
The housing crisis won’t end until (among other things) corporations cannot freely own limitless numbers of single family homes. We will see perpetual renting because it’s effectively passive income for the corporations, and they have deeper pockets than 99.9% of individuals.
As companies own more and more, but don’t sell, supply dwindles, and the bubble never bursts.
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I recently read that a place in MD (montgomery county, I think?) Is taking advantage of the high interest rates, which effectively block private housing development projects, to fund low-income public housing projects with developers who would normally only go with private clients. Building more multi-unit housing and making the supply publicly owned is just about the only way I see the housing crisis improving at this point
It won’t end until we have significant growth in the supply of housing units in the places people want to live relative to the number of people we have. Anything else is just window dressing.
We’ve been chronically underbuilding for decades, while population continued to grow. What would you expect to happen?