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by locknitpicker 91 days ago
> That means there’s an invisible hand keeping prices up, or basically that the market is not free enough. That’s caused most of the time due to excessive regulation.

No. Why do you guys fall so easily for the "regulation" cliche?

The answer is far easier: unwillingness to invest.

Why are there investment funds willing to burn through tens of millions in stupid stuff like NFTs or pets.com, but investing $10m on a 5 story apartment building that can get you a solid RoI of 20% is frowned upon?
2 comments
otherme123 91 days ago
Why the investment funds have to build the houses? Houses has been built/funded from zero by the future owners since forever, either individually or through cooperatives. That way, "investors" don't need a positive ROI, and they happily lose money overall if they get a home.

I know some people that are currently "willing to invest" in buying a ship container or two and transform it into a house to get costs down. The problem? Regulations don't allow them to put the container in their own property.

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Dylan16807 90 days ago
Using a shipping container is almost always a stupid plan compared to just putting up some wood. As much as I want to make zoning more flexible, I'm not in a rush to change that particular regulation.
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otherme123 89 days ago
Sounds arrogant to block someone else plan to have a home, just because you don't like it. And then claim regulations are not the problem, but lack of willing to invest.

If you think containers are a bad idea, don't buy one.

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Dylan16807 87 days ago
The demand for containers is rare and they don't really save money over building small out of reasonable materials. That specific regulation isn't blocking anyone from having a home.
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fc417fc802 90 days ago
The invisible hand is zoning. There's plenty of investment available but you literally aren't allowed to build what would be useful in most cases.

Sure you're free to go out into the middle of nowhere and build all sorts of wild stuff but there's no market for that because that isn't actually what anyone wants. You can't blame the investors when what people actually want to pay for has effectively been outlawed.

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