this post was submitted on 05 Oct 2024
1208 points (98.3% liked)
Political Memes
5511 readers
739 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm curious how many houses/apartments are unused in the US, acting as a speculative asset and if building more is even necessary.
Building more is necessary if the available housing is not located where appropriate employment is located. Thus, the gross number of available homes isn't a good metric to use for determining the actual need for new construction.
If enough more houses are built that prices stop increasing faster than inflation, housing will no longer be valuable as a speculative asset. Building more houses BOTH makes housing immediately available, and changes the market forces in a way that pushes out investors squatting on un-lived-in units.