More house for llc. Make law to house people not corporation.
this post was submitted on 13 Aug 2024
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Put caps on how many homes any family/llc/company can own. Stop any foreign entity from owning more than two single family homes in the US, and the problem will be fixed.
Homes aren't scarce because housing is scarce. Homes are scarce because way too many people are making their living as landlords and property investors.
It's both.
Someone should make a pie chart of how much a house cost is labour, materials, taxes/government shit, and how much just goes to the landlords pocket.
If we really want to solve the problem we mine as well use proper data to see where efforts would be best spent
That's going to depend heavily on state, municipality, and zone type of where each project is taking place. You'd also need to control for local labor prices and materials cost.
There's too much variability in local conditions to make broad statements.
For sure, and like any study its going to be bias towards its creator, but even some sort of frequency analysis I believe would be telling to say at the least
It's going to be telling in certain places and under certain circumstances.
Some places require certain (high) insulation values for all new construction housing. Building housing in those places costs more. Neighboring states and municipalities that do not have those laws will have lower costs.
Similarly, some areas are in high demand. Housing there sells for a higher price.
It ain't rocket surgery.
How will building more housing break up corporate landlords exactly?
This is such a non fix being spun into a fix that this premise is garbage.
If more houses are built and become available, rental markets drop. Landlords are not going to keep buying houses and letting them sit empty. It's not that complicated.
Developers in Canada are going bust because houses aren't worth the building costs. No amount of clearing red tape changes the insane cost of materials.
Do they think the new homes pricing is going to reflect actual supply/demand or the twisted nightmare that is venture capital investment plans in real estate?
Oh, good, even shittier build quality. How about rezoning?
And where do you want to PUT these bungalows? We won't see the density we need, and it'll just be more sprawl of shitty little wooden urban huts.