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by pessimizer 1388 days ago
> In both markets there is surprising silence on REITs and corporations buying up residential living spaces and flipping it. Wouldn't be surprised if those special interest groups also own/influence local media as well.

I imagine that they're all financing YIMBY organizations, whose aims would do nothing but increase the value of their holdings.

3 comments

Hold up, since when do YIMBY organizations increase the values? Isn't NIMBY all about protecting home values, and YIMBY about actually building more homes?
YIMBYs increase land values, decrease property values.
Makes sense, buy wholesale, arbitrage, and deflect blame by creating scapegoats through mass media.
Yes, YIMBYs are notorious for wanting housing to be scarcer and more expensive...