this post was submitted on 28 Oct 2023
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Were there regulations at some point in US history that prevented that?
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.
Not allowing foreign investment is reducing capital for construction. Living in Canada this is not helping like you think.
No it isnt. That makes no sense, and housing shouldnt be an investment scheme anyway. Their values cannot rise indefinitely. That's the root of our housing problem right now.
What economic reality results in more houses being built with less investment.
We have a lack of houses. Lowering the price will not make houses materialize or do you think some magic will happen?
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.