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[–] 6 points 2 years ago* (1 child)

So you build 500,000 new homes and blackstone or other companies buy 450,000, meaning you only actually generated 50,000 new homes. No, corporate interests are the vast majority of the problem with housing. Your neighbor renting out their house after buying a 2nd isn't the issue.

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  • [–] -3 points 2 years ago (1 child)

    Assuming some large capital group buys all those homes, they're going to do it to try to make money off of it.

    More supply means lower prices

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  • [–] 3 points 2 years ago (1 child)

    Constraining supply, either by not building, or by buying everything available, means higher prices, so they don't have to sell as many houses to make the same revenue.

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