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61 points pseudolus | 1 comments | | HN request time: 0s | source
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taeric ◴[] No.45186175[source]
Glad to see the final section basically cover that this is not actually a problem. I sort of wish the headline was more of the "Why you shouldn't be worried about private equity buying your neighborhood."

Why and how did that ear worm infect so many people?

replies(2): >>45186253 #>>45187121 #
xnx ◴[] No.45186253[source]
> Why and how did that ear worm infect so many people?

It's a story they want to believe.

The big bad out-of-town corporation is causing the housing crisis and not the complex web of dozens of factors: existing owners wanting to protect their largest asset, more people wanting to live in fewer places, inflation, tariffs on Canadian lumber, safety standards, etc.

replies(2): >>45186474 #>>45186536 #
Dig1t ◴[] No.45186536[source]
Lumber is a tiny fraction of the cost of a house, the US produces a huge amount of lumber on its own. I don’t think there’s any real evidence to show that lumber tariffs have had a measurable impact on housing costs. Most housing is built with lumber from here.

Also the tariffs are new this year, housing costs have been a problem for much longer than just this year.

replies(2): >>45186649 #>>45187036 #
chrisweekly ◴[] No.45186649[source]
to be fair, xnx said "dozens of factors" and mentioned lumber and tariffs as among them... maybe better examples would've made their point stronger though.
replies(1): >>45187286 #
1. Dig1t ◴[] No.45187286{3}[source]
Yes that’s true, I think he’s right on all the other points.

I just built a house by myself, from the ground up, so I couldn’t let that lumber thing slide though as I literally just paid for all the materials myself and I know how little lumber costs compared to everything else.