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Joined 10 months ago
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Cake day: September 7th, 2023

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  • What economic reality makes housing affordable when used as a corporate investment scheme? What percentage of framing or roofing is provided by foreign-held stock portfolio? I can see we’re gonna yell past each other as you refuse to recognize what the housing shortage actually is. I lived in a country that built houses just fine and met the demand just fine until Reagan deregulated finance and manufacturing. Your concepts will find no purchase here, as they are a proven failure.



  • Yes. There have been rent controls and outside investor restrictions. Lots of restrictions were lifted after the 2008 crisis, turning the housing industry iver to banks and private equity firms. And while you might be prone to saying that zoning restrictions caused urban sprawl, it should be noted that developers and real estate corporations wrote those laws and not a government serving the people. Today I learned from my Canadian friends that foreign investors are not allowed to buy Canadian properties. Meanwhile US is selling to anyone with the money no matter where they’re from.