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What happens when private equity buys homes in your neighborhood

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61 points pseudolus | 1 comments | 09 Sep 25 17:32 UTC | HN request time: 0s | source
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jameslk ◴[09 Sep 25 18:34 UTC] No.45186475[source]▶
> But the bigger problem for housing affordability, he adds, is that "we just haven't built enough [homes] to keep up with the population growth and household formation."

The circular incentive here is left unsaid. If a house is an investment, you and every other homeowner has an incentive to keep supply low and demand high. This ultimately drives votes, lobbying, and policies that prevent houses being built. Otherwise you end up with falling rents and stagnating property prices, like in Austin.

https://www.apartmentlist.com/research/cooling-rent-growth-d...

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1. beepbopboopp ◴[09 Sep 25 22:07 UTC] No.45189968[source]▶
It seems like the only solution is going to be an FDR style president that sort of runs up against traditional liberties in order to to build. I do wonder if an interesting quirk of the current president essentially consolidated executive power for questionable reasons, leads to a candidate that uses some of those changes to bulldoze these types of projects back into America.