Viewing a single comment thread. View all comments

yearz t1_jco1kix wrote

Reply to comment by cadium in Big tech companies are selling their Silicon Valley campuses amid struggle by McFatty7

This is a narrative you see alot, the fact is the portion of single family homes bought by hedge funds/institutional investors is small. The REAL problem is rampant NIMBYism that chokes supply of new housing

−2

dopefish2112 t1_jco4rj9 wrote

in my area 40%+ of the single family homes are owned by corporations. so no, it is a big fucking problem.

46

DevAway22314 t1_jcoj230 wrote

The fact the majority of the area is zoned to only allow single family housing is the problem. It artificially constrains supply, thus increasing price

7

bluePostItNote t1_jco61b7 wrote

Source?

−1

dopefish2112 t1_jcoaki1 wrote

https://www.fastcompany.com/90792419/12-mega-landlords-own-majority-of-the-san-francisco-bay-area

https://therealdeal.com/sanfrancisco/2022/06/22/bay-area-ranks-16th-in-the-u-s-in-share-of-investor-bought-homes/

https://www.kqed.org/news/11795988/we-dont-know-whos-buying-up-bay-area-homes

https://pestakeholder.org/news/private-equity-owned-realtors-on-san-francisco-chronicles-list-of-the-bay-areas-largest-most-influential-ownership-networks/

22

favpetgoat t1_jcp5iho wrote

Por que no los dos??

Low supply of housing = high prices

High prices = people can't buy houses but corporations can

Houses still being bought at high prices = even higher prices

Even higher prices = people still can't buy houses

4

jeffyoulose t1_jcp3hkn wrote

Let's outlaw zoning laws. Then the problem will be solved.

1

yearz t1_jcr983v wrote

Houston did and houses are cheap in Houston

1