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Comment by toomuchtodo

Institutional housing ownership in the US is not a material contributor to housing price inflation [1]. With that said, we are approaching a housing shortage of +4.5M [2] units, and in concert with YieldStar's Backpage revenue maximization engine [3] (which is laundering landlord price fixing), renters are being squeezed (because where are you going to go if you can't afford to buy? you will pay, or you will be homeless, which certain jurisdictions are attempting to or have outlawed).

To solve housing for those who need housing, enact state level YIMBY policies to override local planning (who will always kowtow to local folks who show up to say no, and local folks who say no because it costs them nothing to do so as they already own), provide cheap money to builders [4], and build as fast as you can.

[1] https://en.wikipedia.org/wiki/History_and_impact_of_institut...

[2] https://zillow.mediaroom.com/2024-06-18-The-U-S-is-now-short...

[3] https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...

[4] https://www.startribune.com/janet-yellen-minneapolis-treasur...

(Edit: I would still support restriction of investment ownership of housing, depending on implementation details; you have to defend the young from the old and Capital, as they are treating the young as cattle to be squeezed for all they've got simply by virtue of their existence timeline [5] [6], and it's causing folks to simply give up)

[5] https://www.ted.com/talks/scott_galloway_how_the_us_is_destr...

[6] https://www.youtube.com/watch?v=K64GTDwWJo4

(as always, think in systems)

parent toomuchtodo 2 years ago

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