What a terrible article. The solution is throwing more subsidies? Of course it’s not! The solution is making it illegal to own more than a few properties. It really is that easy.
Non-profit / below market housing is crucial. Without it, the people who actually keep cities functioning and interesting, service workers, artists, etc get pushed out.
I have a career that enables me to pay a lot of money for housing but I don’t want to live in a neighbourhood that only consists of people like me, cause I’m boring as fuck. I also don’t want to be part of the reason those people get displaced.
I’m down with anything. The point is that your rent is not high because Bob has two houses. It’s because the real estate speculators own five thousand.
To be fair, everyone doesnt want to own housing all rhe time (say you study somewhere for a year for example, you might want to rent. Or when you try out anew city) so some landlording is needed. We don’t need landlords having lots of homes though.
Landlording should never be done for profit. Socialize the fuck out of it. My water, electricity and healthcare is socialized, why do parasites profit off my home?
Profit, profit, I’d say reasonable profit and mandatory standards.
For example, when I lived in sweden I knew a landlord, he was stopping because you beeded around 50 appartments (might be inflated from his side, but in many countries you can live off of 2 so …) to make a decent salary.
In sweden you cant rent out a shitty appartment, you cant set the rent as you like it, and youre taxed etc. etc.
I mean it should be like a normal job, not granting you robber rights.
The solution is making it illegal to own more than a few properties
This problem does not have a single solution. Get rid of landlords and you’re still left with a large group of people fighting over a limited supply. Better zoning laws, removal of parking minimums, better transit + micro-mobility infrastructure, and more below market not-for-profit housing.
It’s not a simple problem, even if the motives that created the problem are.
I mean I agree with the notion that corporations shouldn’t be buying up entire neighborhoods, but at the same time if a corporation is building neighborhoods then I think it’s fine if they own them. We need more units ultimately
That’s stupid. If a company is buying up already existing units to manipulate prices then there’s clearly an issue with that, but if a company is buildings new units to sell or rent, then where’s the problem? They’re literally introducing new units to the market. God, people on Lemmy are so brain dead.
There’s nothing wrong with the concept of renting. It only becomes a problem when companies are manipulating the market or price gouging. If companies are renting out units are peak market rate, then the issue there’s way more demand than supply. The solution is fairly easy, build more units to flood the market and bring down the prices. It’s a tried and true method. Want to see in action? Look at how Texas managed to get all of its major cities to have a big decrease in their average rents compared to last year:
Austin managed to slash rent prices by 9.3%, San Antonio by 8.2%, Dallas by 3.7%, Houston by 3.2%. It’s not just Texas, Nashville managed to slash prices by 8.3%, Atlanta by 5.2%, Baltimore by 5.5%, and the list goes on and on. What’s the thing common with all these cities? They build more units. They flood the market with so many units that landlords have no choice but to bring rent prices down.
It’s not just rents, housing prices are also down in places that build more:
Home prices went down by 11.2% in Miami, Denver by 6.3%, Seattle by 5.5%, Kansas city by 4.9%, and the list goes on and on.
Want cheaper rents and houses? BUILD MORE HOUSES. Can’t do that? Update the outdated zoning laws to allow for multifamily buildings, mixed zoning properties, and higher density. This is the path forward.
These articles are speculative on the cause. I don’t see any data on the supply increases.
Some of these cities, didn’t increase supply. For example San Francisco saw similar decreases it they offer to exploration there.
The rents decreases are year over year but are flat over a two or three period of time, it’s just as likely the rent increases were a bubble that popped and not because of some unspecified change in supply.
I mean every city is different. In the case of San Francisco, it could be that city is shrinking and that is driving down prices. However, in the case of the Texan cities, which are all growing, the decrease in rents is indeed due to flooding the market with new housing units:
Though the price housing has gone up considerably which is slowing down construction, which might bring up the rents again. However, this still shows that building new housing units in mass does bring down prices.
What a terrible article. The solution is throwing more subsidies? Of course it’s not! The solution is making it illegal to own more than a few properties. It really is that easy.
Why is the for profit house building industry involved in solving the problem they had a hand in making?
Reform the CPA and just build ourselves. Or use the army core of engineers. They are getting paid either way.
Non-profit / below market housing is crucial. Without it, the people who actually keep cities functioning and interesting, service workers, artists, etc get pushed out.
I have a career that enables me to pay a lot of money for housing but I don’t want to live in a neighbourhood that only consists of people like me, cause I’m boring as fuck. I also don’t want to be part of the reason those people get displaced.
More social housing now!
Don’t be stupid. How else an I going to make money by doing nothing? Get a job? That’s for people who don’t pull themselves up by their bootstraps!
I pulled myself up by my parents bootstraps.
See, this guy’s knows how to make money, unlike the rest of you pleps…
Raise property taxes 500% for property that is not registered as the owners primary residence.
That should do it
The solution is to build more housing where people want to live.
Don’t get suckered into their blame game. This just results in everybody pointing fingers while the prices continue to soar.
Prices only go up because there’s competition to buy them.
Tax and other policies encourage the parasitic behavior.
A few? How about just 1.
I’m down with anything. The point is that your rent is not high because Bob has two houses. It’s because the real estate speculators own five thousand.
Bob should be paying 200% property tax on the 2nd house
Bob is not the enemy, Bob is a lucky retiree.
Berkshire Hathaway and their 500k rental properties, are the enemy.
Both/neither of them are the enemy. The enemy is the system that allows anyone to profit off owning homes.
To be fair, everyone doesnt want to own housing all rhe time (say you study somewhere for a year for example, you might want to rent. Or when you try out anew city) so some landlording is needed. We don’t need landlords having lots of homes though.
Landlording should never be done for profit. Socialize the fuck out of it. My water, electricity and healthcare is socialized, why do parasites profit off my home?
Profit, profit, I’d say reasonable profit and mandatory standards.
For example, when I lived in sweden I knew a landlord, he was stopping because you beeded around 50 appartments (might be inflated from his side, but in many countries you can live off of 2 so …) to make a decent salary.
In sweden you cant rent out a shitty appartment, you cant set the rent as you like it, and youre taxed etc. etc.
I mean it should be like a normal job, not granting you robber rights.
This problem does not have a single solution. Get rid of landlords and you’re still left with a large group of people fighting over a limited supply. Better zoning laws, removal of parking minimums, better transit + micro-mobility infrastructure, and more below market not-for-profit housing.
It’s not a simple problem, even if the motives that created the problem are.
I mean I agree with the notion that corporations shouldn’t be buying up entire neighborhoods, but at the same time if a corporation is building neighborhoods then I think it’s fine if they own them. We need more units ultimately
And that kids is how I ended up I owing my soul to the company store.
That’s stupid. If a company is buying up already existing units to manipulate prices then there’s clearly an issue with that, but if a company is buildings new units to sell or rent, then where’s the problem? They’re literally introducing new units to the market. God, people on Lemmy are so brain dead.
It’s one thing to build a house and sell it, it’s another to build it for the sole purpose of renting it at peak market rate.
Corporations use to build company towns and rented them at higher rates than they paid the workers.
People fought to stop this but there are always people who insist on relearning these lessons the hard way.
There’s nothing wrong with the concept of renting. It only becomes a problem when companies are manipulating the market or price gouging. If companies are renting out units are peak market rate, then the issue there’s way more demand than supply. The solution is fairly easy, build more units to flood the market and bring down the prices. It’s a tried and true method. Want to see in action? Look at how Texas managed to get all of its major cities to have a big decrease in their average rents compared to last year:
https://www.kvue.com/article/money/economy/boomtown-2040/austins-rent-prices-decrease-may-2023-2024-spring-texas-us-metros-cities/269-95b267ee-6a4f-4623-af6c-7015ce3cb086#:~:text=The report states that from,but throughout the entire country.
Austin managed to slash rent prices by 9.3%, San Antonio by 8.2%, Dallas by 3.7%, Houston by 3.2%. It’s not just Texas, Nashville managed to slash prices by 8.3%, Atlanta by 5.2%, Baltimore by 5.5%, and the list goes on and on. What’s the thing common with all these cities? They build more units. They flood the market with so many units that landlords have no choice but to bring rent prices down.
It’s not just rents, housing prices are also down in places that build more:
https://www.realtor.com/news/trends/home-prices-falling-cities-where-prices-dropped-most-past-year/
Home prices went down by 11.2% in Miami, Denver by 6.3%, Seattle by 5.5%, Kansas city by 4.9%, and the list goes on and on.
Want cheaper rents and houses? BUILD MORE HOUSES. Can’t do that? Update the outdated zoning laws to allow for multifamily buildings, mixed zoning properties, and higher density. This is the path forward.
These articles are speculative on the cause. I don’t see any data on the supply increases.
Some of these cities, didn’t increase supply. For example San Francisco saw similar decreases it they offer to exploration there.
The rents decreases are year over year but are flat over a two or three period of time, it’s just as likely the rent increases were a bubble that popped and not because of some unspecified change in supply.
I mean every city is different. In the case of San Francisco, it could be that city is shrinking and that is driving down prices. However, in the case of the Texan cities, which are all growing, the decrease in rents is indeed due to flooding the market with new housing units:
https://www.austinmonitor.com/stories/2024/02/austin-apartments-boomed-and-rents-went-down-now-some-builders-are-dismantling-the-cranes/
Though the price housing has gone up considerably which is slowing down construction, which might bring up the rents again. However, this still shows that building new housing units in mass does bring down prices.