America’s housing crisis continues to worsen | CNN Business
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In America, home prices are at record highs while hundreds of thousands are homeless.
  • @[email protected]
    45•5 months ago

    We don’t need tax credits.

    We need Private equity out of the housing market.

    We need better safeguards for tenants.

    Financial moves like tax credits and incentives always end up benefitting the haves.

      • Makhno
        12•5 months ago

        Imo owning a second property to rent out for some side cash is fine. It’s a problem when your only occupation is “landlord”

      • @[email protected]
        8•5 months ago

        That’s idiotic. There’s nothing wrong with owning rentals or being a landlord. It only becomes an issue when massive corporations with endless amount of money buy so much inventory that they start affecting the market

        • @[email protected]
          1•5 months ago

          It only becomes an issue when massive corporations with endless amount of money buy so much inventory that they start affecting the market

          So you’re saying there’s something wrong with being a landlord?

          • @[email protected]
            1•5 months ago

            How did you reach that conclusion? There’s a big difference between uncle Bob have a 3 unit building where he lives out in one and rents out the others and Blackrock buying 1,000 units in a town to artificially constraint inventory and inflate prices. There’s also a big difference between a company buildings a condo tower with 200 new units to rent/sell and a company buying already existing single family homes to manipulate the market. Clearly The latter examples in both of these comparisons are unethical and deserve to be outlawed, while the former example are fine.