this post was submitted on 25 Sep 2023
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City Life

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What Happened When This City Banned Housing Investors (www.youtube.com)
submitted 1 year ago* (last edited 1 year ago) by storksforlegs@beehaw.org to c/citylife@beehaw.org
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The results were not what I expected, definitely worth a watch. (From the youtube channel Oh The Urbanity)

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[–] Thatpilotguy89@lemm.ee 11 points 1 year ago

Investor owners are only half the problem. Profit driven developers are more interested in making fewer sales at a higher margin than volume sales for lower margins. This keeps the average home value climbing and less likely for first time buyers to be able to get out of the rental trap.