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by rgifford 1215 days ago
People buying a second home are not the problem. A healthy housing market needs rental housing stock. We have to have places for people in transitory phases of life, for people struggling, for retirees that want to live off the value of their house after downsizing or divorcees or folks trying the city on for size.

Supply is the problem and bad governance created it. Why do we keep turning it around on individuals that made rational investment decisions as though they've done something predatory? It seems absolutely backwards.

Build more housing stock. This is it. There's no bad guy, no magic bullet, no righteous fight. We just need to build more.

1 comments

Until such build out happens, disincentivizing landlord squatting is where the rubber meets the road from the policy tools available.