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if you want affordable housing we need to de-commodify it and get the investors out. no more airbnb, no more one investor group owning 10s of thousands of single family homes. Dumping regular people's money into this system, even if we give them a bunch extra, is only gonna drive prices even further up. The necessities of living are not speculation opportunities for the ultra rich.
Right, I hate when people ask me if I want to buy a house to invest or to live.
Bitch, I can barely afford one and if I could buy multiple, I wouldn't because I'm not a piece of shit.
hard same. I'm just tryna actually have something at the end of a lifetime of paying hundreds of thousands of dollars just for the privilege of remaining alive. But the people who already have most of everything are like "Why shouldn't I have all of this guy's money and the house?" Swear to God we'll only have to eat one of them and the rest will fall right back in line.
No more AirBNB for entire properties.. If you need to rent out a room a few nights a week to get by it shouldn't be a problem banning those does a disservice to people who want to take a vacation without be thousands of dollars in the red, and for home owners and renters strapped for cash. Plus it would give hotels clear monopoly status, and reduce choices for basic accommodations for travelers.
This is the correct answer. If minimum wages go up, the price of everything you buy with those wages increases as well, including housing. There's artificial scarcity in housing right now because of investment firms and property management firms.
wages drive inflation but it's not 1:1 and it does tend to benefit low earners.