this post was submitted on 16 Mar 2024
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[–] underisk@lemmy.ml 1 points 6 months ago (1 children)

Do people hold shares in the private equity firms buying up all the homes and driving up the housing costs? No no it’s all the NIMBYs fault.

[–] waigl@lemmy.world 0 points 6 months ago* (last edited 6 months ago) (1 children)

Corporations holding residential real estate are a growing part of the problem, but still a small one. The vast majority of single famliy homes are still owned by either their residents or small time, non-incorporated landlords.

Never mind increasing the supply of housing would drive down prices and remove pressure regardless of who owns the existing stock.

[–] underisk@lemmy.ml 1 points 6 months ago* (last edited 6 months ago)

Do private homeowners and small-time landlords generally leave their homes vacant?