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by HarryHirsch
2448 days ago
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If you increase the supply of housing, it puts downward pressure on rent That's the bug right there. Rental housing is a popular investment vehicle, at a ROI of 9.5 % it slightly outperforms the stock market. Any regulation and anything that would decrease profit will be stridently opposed by the wealthy classes. They go and vote and sit on the city council. |
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