this post was submitted on 26 Mar 2025
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So those who want to buy a house but can't afford it are still fucked. Cool.
When more homeless people are in public housing, there's less demand for rentals.
When there's less demand for rentals, competition falls and rents fall too.
When rents are low, landlording becomes less profitable.
When landlording isn't profitable, investors move their stock to higher growth assets.
When investors sell their houses, the price to buy a house falls.
To put this in simple terms: a rising tide lifts all ships. Housing the homeless improves the lives of everyone except landlords and billionaires.
That's great in the short term, but now no one is ever gonna build housing again, so in a generation we're back to a housing shortage.
If you exclusively try to bring down housing costs by attempting to limit demand, you end up making the problem worse. You need to offer more supply.
i think you mean investor will ever build housing again. Regular people still want nice houses, so we will be back to craft houses built by individuals wishing to express themselves into the abode they live in. To fill the gaps grants can be issues to aid construction for those less well off
So nothing but a sea of suburban sprawl to every horizon? That sounds like hell.