Because I believe, in general, landlords are a bad thing.
This guy is getting priced out of the market by big money hedge funds the same way he prices out families looking to buy their single homes. Making housing “affordable” by increasing the supply of new houses disproportionately benefits the wealthy. After all, if you have $100 million you want to spend on property ownership, would you rather buy one hundred $1 million properties, or one thousand $100,000 properties of the same size?
You want to make housing affordable? Stop letting parasites like these buy dozens of houses.
The head of an organization that represents landlords is advocating for building more houses. Now why do you think that is?
Because they want to build more to make more money.
Please explain how this is a bad thing? This is rental org explicitly stating that the lack of supply is hurting their growth and profit.
That means they believe that the supply/demand curve is so out of whack that cheaper housing will make them more money.
This is absolutely and 100% a win-win.
Because I believe, in general, landlords are a bad thing.
This guy is getting priced out of the market by big money hedge funds the same way he prices out families looking to buy their single homes. Making housing “affordable” by increasing the supply of new houses disproportionately benefits the wealthy. After all, if you have $100 million you want to spend on property ownership, would you rather buy one hundred $1 million properties, or one thousand $100,000 properties of the same size?
You want to make housing affordable? Stop letting parasites like these buy dozens of houses.