Supply is a problem and I agree about existing density-blocking laws. However this is not an either/or situation. Market effects on pricing are aggregate, not annectdotal. Taking private equity out of the market would certainly lower demand. Plenty of housing are sitting empty or underoccupied right now because of speculation.
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JangleJack 21 points 6 months ago
UnderpantsWeevil 11 points 6 months ago
And plenty of units are converted rentals that leverage the borrowing power of the owner to upcharge the tenant.
gandalf_der_12te -1 points 6 months ago path: 0 23405015 23405092 23406645, hotness: undefined, score: -1, children: 0
grue -12 points 6 months ago
The effect of zoning laws dwarfs the effect of private equity, to the point that focusing on the latter is absolutely just making a scapegoat to avoid fixing the actual problem.
People just love to blame private equity because they want to eat their cake and have it too (own a single-family house in the middle of a city, for a price they can afford) and can't bear to face the reality that that is fundamentally impossible as a matter of geometry.
It's real fucking simple, people: if 10 families want to live in the same acre of land, they don't all get to each own a single-family house on a one-acre lot! One of them gets to (for a huge price), and the rest get physically displaced. The only way for something else to happen is for the law to change so that more housing units can be built on that acre, but the spatially-inevitable consequence of that is that each family doesn't get their own house with a 1-acre yard.
You fundamentally cannot have it both ways, but people don't want to accept that so they blame private equity instead.
I'm not defending private equity in the slightest, mind you! By all means, fucking murder them all if you want; IDGAF. I'm just saying y'all are gonna be all surprised_pikachu.jpg when it turns out to do fuck-all to solve the actual problem.
Edit: the irrational downvotes on my comments only help prove my point. People just can't deal with reality, so they childishly lash out instead.
protist 13 points 6 months ago
Institutional investors have tended to cluster their purchases, resulting in more concentrated investments in certain neighborhoods in a handful of markets, including Atlanta, Dallas, Phoenix, Houston, Charlotte, and Tampa. The 2024 GAO report found that they own 25% of single-family rental homes in Atlanta and 21% of those in Jacksonville. Researchers have found that mega landlords may have contributed to the rise in housing costs, particularly in areas where they're heavily concentrated.
gandalf_der_12te 2 points 6 months ago
thank you for your comment. just to add to it:
If you have a 1 km² (one square kilometer, = 1 million square meters) area. And the law dictates that only single-family houses can be built on it, with a minimum lot size of 500 m² each, then assuming 4 people per house, you can build 2000 houses in that area or house around 8000 people.
If you allow multi-family houses. Such as i live in one in Austria. Close to the city. The house has a lot size of about 1000 m² (with a big park in the middle), and 25 people live in it. If you build houses like that, you can house around 25000 people. More than triple!
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flippanarchy
@lemmy.dbzer0.com
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Flippant Anarchism. A lighter take on social criticism with the aim of agitation.
Post humorous takes on capitalism and the states which prop it up. Memes, shitposting, screenshots of humorous good takes, discussions making fun of some reactionary online, it all works.
This community is anarchist-flavored. Reactionary takes won't be tolerated.
Don't take yourselves too seriously. Serious posts go to !anarchism@lemmy.dbzer0.com
Rules
If you post images with text, endeavour to provide the alt-text
If the image is a crosspost from an OP, Provide the source.
Absolutely no right-wing jokes. This includes "Anarcho"-Capitalist concepts.
Absolutely no redfash jokes. This includes anything that props up the capitalist ruling classes pretending to be communists.
No bigotry whatsoever. See instance rules.
This is an anarchist comm. You don't have to be an anarchist to post, but you should at least understand what anarchism actually is. We're not here to educate you.
No shaming people for being anti-electoralism. This should be obvious from the above point but apparently we need to make it obvious to the turbolibs who can't control themselves. You have the rest of lemmy to moralize.
Join the matrix room for some real-time discussion.
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The law of supply and demand still applies whether you try to paint one of the participants as a villain or not. Even if every market participant were an individual, that (presumably not overly wealthy) single mother of four is still going to get out-competed.
The only actual solution is to increase supply, which means abolishing the wealthy-favoring laws that make it illegal to build (i.e. the laws mandating things like single-family houses and minimum parking requirements).
Edit: do you people not understand that your attitudes play right into the hands of the private equity oligarchs? Y'all are literally defending authoritarian laws that distort the market in their favor.
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