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0 pointsCcecil9mo ago0 comments

Not really talking about new builds.

Where I live the majority of affordable housing has been bought up and turned into investment rentals or vacation rentals. They will leave the houses empty instead of lowering rent.

Current average rental cost is 3x what the average renter makes. More apartments are being built (very cheap, inefficient designs) but the cost is still above what the average renter makes.

Collusion is a bigger issue than new builds.

0 comments

lmm9mo ago

Prices only keep going up as long as there's an expectation of future profits. Everyone loves to hate investors (especially foreign ones), but cornering the market only works if it's impossible for other people to build new houses.

j / k navigate · click thread line to collapse

0 pointsCcecil9mo ago0 comments

Not really talking about new builds.

Where I live the majority of affordable housing has been bought up and turned into investment rentals or vacation rentals. They will leave the houses empty instead of lowering rent.

Current average rental cost is 3x what the average renter makes. More apartments are being built (very cheap, inefficient designs) but the cost is still above what the average renter makes.

Collusion is a bigger issue than new builds.

0 comments

lmm9mo ago

j / k navigate · click thread line to collapse