Didn't see a thread on this topic somehow? I'm sure there are some but I couldn't find it Dutch cities want to ban property investors in all neighborhoods An interesting strategy I'm seeing being talked about in a few different countries, It's my understanding that in New Zealand there is a similar discussion about the ethicality of people who own 10+ homes when rents are unsustainably sky rocketing Revealed: Who's really buying up New Zealand property https://www.newstalkzb.co.nz/news/business/mum-and-dad-landlords-own-more-than-a-third-of-property/
Yep. People should not be allowed to buy multiple homes to rent them out when millions of people cannot afford a single hoem
Feels like something should change. Millenials and Gen Z are getting absolutely crushed by housing prices. Ah, to be a boomer.
I think he's just showing his apathy to the problem. His philosophy is "out of sight out of mind" and "I got mine, **** you". The dude is a grown man and is still in his teenage edgelord phase lol.
I don't think you can do away with landlords nor do I think the idea of doing away with landlords is a good idea
I believe the reason it's becoming an increasing issue is that loans are usually set, rent isn't. In certain areas, rent spikes are causing serious instability/unsustainability. Not everybody wants or is prepared to own a home, rentals can be a good option, I agree. At the same, large swaths of the population increasingly being priced out of owning a home is a problem.
ya well if he was sincere he wouldn't do an emoticon dismissing the issue and just express his opinion directly. He could at least acknowledge it's a unsustainable issue and a compromise somewhere needs to be made.
this was the statement that was made: although I fail to see the distinction of "investors" being significant for the argument
Either way I'm interested to see how this plays out...the US would never allow legislation like this to pass.
Lately there's been a surge of REITs, Banks, pension funds and crowdfunding apps buying up homes on top of foreign and local individual investors. It's ruinous for renters as they're feeding these parasites and propping up home valuations. Otoh, housing supply slack was expected to grow with boomers downgrading from large homes. I guess they could buy a smaller home and rent out the larger ones but typically old people need all the money they can, spend less and would rather not climb up and down stairs. Alongside this, they'll start liquidating their pensions and put stress on them to the point where everyone discovers whether those 5-8% guaranteed yields can hold till term. Interesting times. Obviously global monetary and fiscal policy (all coordinated) is causing home prices to explode across the world but there's the equal and opposite pull governments are fighting against to not make this all deflate like a fart.
Another dumb political conversation with no nuance. Large amounts of people are not being priced out. The reality is rents go up. Mortgages do not. Interest rates are extremely low. Wages is a completely different conversation. However it should be criminal for investment cartels like Blackrock be given 1% interest rates to spend tens of billions on real estate.
I did and you ignored it. Massive investment firms should not be competing if they are getting a lot better interest rates.
Rents have risen well above average norms https://www.apartmentlist.com/research/national-rent-data A bunch of other statistics and data in the link
Right, but are 'landlords' buying up property here and leaving scant few houses for those that simply want to own a house as in Dutch countries and NZ?
