▲ 1057 ▼ New Legislation Proposes to Take Wall Street Out of the Housing Market (www.nytimes.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 171 comments fedilink hide all child comments
[–] SCB@lemmy.world 4 points 2 years ago* (1 child) Because they want to build more to make more money. Please explain how this is a bad thing? This is rental org explicitly stating that the lack of supply is hurting their growth and profit. That means they believe that the supply/demand curve is so out of whack that cheaper housing will make them more money. This is absolutely and 100% a win-win. permalink fedilink source parent hideshow 2 child comments replies: [–] billiam0202@lemmy.world 0 points 2 years ago (1 child) Because I believe, in general, landlords are a bad thing. This guy is getting priced out of the market by big money hedge funds the same way he prices out families looking to buy their single homes. Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy. After all, if you have $100 million you want to spend on property ownership, would you rather buy one hundred $1 million properties, or one thousand $100,000 properties of the same size? You want to make housing affordable? Stop letting parasites like these buy dozens of houses. permalink fedilink source parent hideshow 2 child comments replies: [–] KevonLooney@lemm.ee 3 points 2 years ago* (1 child) Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy. permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee -1 points 2 years ago (2 children) Some people need to imagine how they can get cheap thingies while the people who they bought from still make a profit. Does this matter? With cheap houses they will have many children which will push for more houses until either the earth becomes just houses or their demands are squashed and they become sardines. permalink fedilink source parent hideshow 4 child comments replies: [–] SCB@lemmy.world 2 points 2 years ago* Does this matter? Yes lol. Also, fun fact, we can build really tall things. permalink fedilink source parent [–] KevonLooney@lemm.ee 1 point 2 years ago (1 child) Goodbye permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee 1 point 2 years ago Lmao permalink fedilink source parent
[–] billiam0202@lemmy.world 0 points 2 years ago (1 child) Because I believe, in general, landlords are a bad thing. This guy is getting priced out of the market by big money hedge funds the same way he prices out families looking to buy their single homes. Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy. After all, if you have $100 million you want to spend on property ownership, would you rather buy one hundred $1 million properties, or one thousand $100,000 properties of the same size? You want to make housing affordable? Stop letting parasites like these buy dozens of houses. permalink fedilink source parent hideshow 2 child comments replies: [–] KevonLooney@lemm.ee 3 points 2 years ago* (1 child) Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy. permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee -1 points 2 years ago (2 children) Some people need to imagine how they can get cheap thingies while the people who they bought from still make a profit. Does this matter? With cheap houses they will have many children which will push for more houses until either the earth becomes just houses or their demands are squashed and they become sardines. permalink fedilink source parent hideshow 4 child comments replies: [–] SCB@lemmy.world 2 points 2 years ago* Does this matter? Yes lol. Also, fun fact, we can build really tall things. permalink fedilink source parent [–] KevonLooney@lemm.ee 1 point 2 years ago (1 child) Goodbye permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee 1 point 2 years ago Lmao permalink fedilink source parent
[–] KevonLooney@lemm.ee 3 points 2 years ago* (1 child) Making housing "affordable" by increasing the supply of new houses disproportionately benefits the wealthy. permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee -1 points 2 years ago (2 children) Some people need to imagine how they can get cheap thingies while the people who they bought from still make a profit. Does this matter? With cheap houses they will have many children which will push for more houses until either the earth becomes just houses or their demands are squashed and they become sardines. permalink fedilink source parent hideshow 4 child comments replies: [–] SCB@lemmy.world 2 points 2 years ago* Does this matter? Yes lol. Also, fun fact, we can build really tall things. permalink fedilink source parent [–] KevonLooney@lemm.ee 1 point 2 years ago (1 child) Goodbye permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee 1 point 2 years ago Lmao permalink fedilink source parent
[–] Arbiter@lemm.ee -1 points 2 years ago (2 children) Some people need to imagine how they can get cheap thingies while the people who they bought from still make a profit. Does this matter? With cheap houses they will have many children which will push for more houses until either the earth becomes just houses or their demands are squashed and they become sardines. permalink fedilink source parent hideshow 4 child comments replies: [–] SCB@lemmy.world 2 points 2 years ago* Does this matter? Yes lol. Also, fun fact, we can build really tall things. permalink fedilink source parent [–] KevonLooney@lemm.ee 1 point 2 years ago (1 child) Goodbye permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee 1 point 2 years ago Lmao permalink fedilink source parent
[–] SCB@lemmy.world 2 points 2 years ago* Does this matter? Yes lol. Also, fun fact, we can build really tall things. permalink fedilink source parent
[–] KevonLooney@lemm.ee 1 point 2 years ago (1 child) Goodbye permalink fedilink source parent hideshow 2 child comments replies: [–] Arbiter@lemm.ee 1 point 2 years ago Lmao permalink fedilink source parent