Quote:
Originally Posted by opendoor
And that's not really related at all to population growth, housing starts, what % of housing is owned by investors, or supply/demand in terms of units. Sure, you could maybe overcome that effect by cutting population growth to zero and subsidizing builders to build a ridiculous number of units, but both of those things have significant downsides. It would be much simpler to make housing (other than purpose-built rental units) less attractive as an investment which would mean fewer dollars chasing the housing units.
|
While I don’t disagree with what your saying here, but if there were far less houses available on the rental market because they were a less attractive investment, that might drive up rental prices due to less supply. There will always be people who “choose” to rent rather than buy, or who are not in a position to purchase a house. Less houses available to rent won’t necessarily translate into more people owning a home. Since we can’t turn back the clock.