this post was submitted on 13 Sep 2023
632 points (86.7% liked)
Memes
45647 readers
1496 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Who should create real estate without profits?
If you supply housing as a government service, construction workers will play the same games as defence contractors. Do you expect rent to be cheaper?
What's wrong with profits? They compensate for the risk and effort that comes with creating real estate. They are only too high when there is no competition.
If profits are too high, what is preventing you from creating a new house and be rewarded with those profits? Change the world so that you, and thus others, have the ability to participate. Then housing prices will be fair.
No problem with builders making money.
Why don't I just erect an estate? Land is too expensive here, not the buildings. Very hard to make new land.
Land is expensive where many people live. There is enough land available in Alaska for estates
Not everybody can live in an estate and expect low travel time into the city center.
If you want to create new housing in a city, you have to share land. In other words, you have to build high-risers.
They want a million dollars (AUD) for 1000m2 of farmland where I am, 1 hour commute to the nearest city
It's on a flood plane
It's advertised to people to use as "land banking" on the off chance that it might get rezoned in the next 20 years.