• ASeriesOfPoorChoices@lemmy.worldBanned from community
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    1 year ago

    that will make it easier for people to buy, and even harder to rent. Ie. that will worsen the problem.

    EDIT: it’s apparent that Lemmy users don’t understand why someone would actively want to rent, and think everyone wants to buy. This makes the entire topic very difficult to discuss.

      • ASeriesOfPoorChoices@lemmy.worldBanned from community
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        1 year ago

        not my quote.

        More supply of houses for sale will make it easier to buy.

        Buying is not renting.

        Removing rentals from the supply makes renting harder and more expensive.

        • chronicledmonocle@lemmy.world
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          1 year ago

          Pretty sure renting is what townhouses and apartments are for. Single family homes don’t need to be rentals at the rates they are now.

    • Couldbealeotard@lemmy.world
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      1 year ago

      What do you think drives the price of rentals? Not being able to afford to buy keeps people stuck in rental living where they can be price gouged. If the price of houses drops due to an oversupply, more renters will buy, which reduces demand for rentals, which will drive down the price of rent making it more affordable to rent.

      • ASeriesOfPoorChoices@lemmy.worldBanned from community
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        1 year 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.

        • Couldbealeotard@lemmy.world
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          1 year 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.

            • Couldbealeotard@lemmy.world
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              1 year 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.