The housing crisis will never end without levying forceful taxes against real estate speculators and investors. A recent report outlines the necessary actions to impose taxes that can actually narrow the wealth gap and alleviate the housing emergency.
So BlackRock can buy it and rent it out to people for $3,000 a month? What use is more housing if rich people who own 1,000 houses are just going to buy it? The solution is more complicated.
The solution is complicated because people can’t agree on the problem.
As with your comment and subject of the article there is plenty of people that are perfectly happy with the housing crisis as long as the remain to the favourable side of it.
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So BlackRock can buy it and rent it out to people for $3,000 a month? What use is more housing if rich people who own 1,000 houses are just going to buy it? The solution is more complicated.
I don’t think that will happen. The empty houses problem is probably much exaggerated, since it gives less returns then renting them out.
The solution is complicated because people can’t agree on the problem.
As with your comment and subject of the article there is plenty of people that are perfectly happy with the housing crisis as long as the remain to the favourable side of it.
Partly because it varies regionally, but there are definitely some consistent threads woven across the country that could be pulled.
If there is too much inventory the price for rent will go down.