News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
While it is certainly not the only reason, government intervention via zoning laws is definitely a factor in the house crisis. If mixed use zoning was more universally a thing, then that would be the government not intervening in the housing market.
And that's absolutely not what they mean
It's even more so due to the ultra-low interest rates that were the "temporary" "solution" to the post 2008 crash recession (only they weren't all that temporary and didn't really solve the problem, more pushed it along).
There is a lot of info out there about how such monetary policy pushed money up the yield-scale out of Treasuries and Bonds and into things like Stocks and Realestate.
Another point is the wealth concentration we're seeing: as a bigger and bigger fraction of GDP ends up in the hands of the already very wealthy the fraction of GDP that's seeking investment opportunities (rather than being spent: poorer people spend all or most of their income, whilst rich people spend but a tiny fraction and the rest they invest) exploded and all that has to go somewhere and Realestate is perceived as safe (especially if governments will do all they can to not let prices fall) and has a lot more yield than treasuries.
This shit goes all the way back to Obama, and was just as much pushed by Republicans as by Democracts.
Oh please. None of that even PALES in comparison to the outright supply crunch being caused by housing investors. It doesn't even compare to the damage being done by the rampant construction of expensive luxury/multifamily homes.
It explains why there are so many house investors now when there were way less about a decade or so ago.
It also explains the record-setting stockmarket valuations even though most people feel things have gone backwards.