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by epistasis
8 days ago
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So what, they will rent it out? If there's a lot of new housing being rented out, it drives down the rental prices, drives down the purchase prices, etc. Any investor that sits on vacant housing is losing money. When there's extreme shortage landlords can do this because the rise in value happens from the shortage and maybe the rents aren't worth it. The only cure to investors buying housing is to build enough housing to keep it from being a good investment. |
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