• ASeriesOfPoorChoices
    link
    fedilink
    15 months ago

    supply. and I look at growing population + foreign investment + rising post-covid building costs.

    you’re talking about shifting rentals to buys, which is stupid, because it flat out ignores lack of supply. we need more housing.

    • @[email protected]
      link
      fedilink
      English
      15 months ago

      Landlords hording property reduces the supply to people who want to buy. This shortage reduces the supply:demand ratio, which drives prices higher. Higher house prices informs the price of rent which is controlled by the people creating the shortage.

      People aren’t suggesting to abolish investment property, they are simply saying we should remove the abuse investment.

      • ASeriesOfPoorChoices
        link
        fedilink
        15 months ago

        but landlords “hording” property increases the supply to people who want to rent, which drives prices down.

        • @[email protected]
          link
          fedilink
          English
          15 months ago

          The entry cost of the housing market is a greater driver of rent than vacant rental properties. The laws even encourage property owners to leave a property empty than lower the rent.