Reply to The Daily episode on the housing crisis

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[quote=Anonymous][quote=Anonymous]I am an academic researcher in this area. He is generally correct that we need to build more homes in the middle to low price-range. We need more supply. Yes, to some extent these homes are/have been purchased by institutions and STR but the percentages are low and impact overblown.

These types of homes are not being built because they are less profitable.[/quote]

Tell them why.

Explain how well intentioned environmental fees and local taxes/fees drive up production costs.

And don’t pay short shrift to the impact of commoditizing housing. The reality is investors (including regular people) have the necessary cash on hand to snatch up housing and convert it to a rental—whether on the books or not.

My friend went down a rabbit hole after discovering the rental homes they rented in 4 different metro areas were all owned by the same company. East coast, Midwest, and Deep South sfh neighborhoods were all owned by the same company. That’s why the housing markets changed so dramatically in those areas.

And another friend’s elderly relative lives in a desirable DC area where every sale has gone to a hedge fund.

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