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I disagree with this notion. Rental values are often controlled algorithmically. Given the low inventory of housing for sale, it’s possible for the monopolist

by jfghi 3y ago

I disagree with this notion. Rental values are often controlled algorithmically. Given the low inventory of housing for sale, it’s possible for the monopolists to purchase the new homes and use vacancy in order to maintain higher levels of pricing for the portfolio by artificially controlling the supply levels.

galangalalgol 3y ago
If property taxes were evaluated the same way for the landlords as for everyone else, that wouldn't be feasible would it? And home maintenance and insurance for unoccupied homes is typically very high. There is also the risk of squatting or the cost of people to prevent that. Has anyone done some math on the housing density that is most economical? My guess would be that the height limit would be close to five or six stories before the engineering to go higher was excessive, but that is just a wild guess. Courtyards down to ground level so people can have an external view seem wasteful from a heating and cooling perspective, most people don't want to live with no windows.
omnimus 3y ago
Yeah this fairy tale that we dont build enough because of regulation is told everywhere. Even in countries with rapidly declining population and long reign of right wing anti regulation governments. The real solution would be to fight the speculation and accept acces to a home as a human right. So prohibit/tax unrented rentals, progressively taxes owning multiple homes. I live in a poorer EU country where foreign money bought everything they could. They dont even bother renting it out because increase of the value of the properties is where the money is. If they started to rent the evaulations would fall.
BurningFrog 3y ago
The plural of "the monopolists" is an interesting concept :)
- jowea 3y ago
  I think the word is "cartel".
  - BurningFrog 3y ago
    "Oligopoly" if you're an economist.

by jfghi 3y ago

galangalalgol 3y ago

If property taxes were evaluated the same way for the landlords as for everyone else, that wouldn't be feasible would it? And home maintenance and insurance for unoccupied homes is typically very high. There is also the risk of squatting or the cost of people to prevent that. Has anyone done some math on the housing density that is most economical? My guess would be that the height limit would be close to five or six stories before the engineering to go higher was excessive, but that is just a wild guess. Courtyards down to ground level so people can have an external view seem wasteful from a heating and cooling perspective, most people don't want to live with no windows.

omnimus 3y ago

Yeah this fairy tale that we dont build enough because of regulation is told everywhere. Even in countries with rapidly declining population and long reign of right wing anti regulation governments. The real solution would be to fight the speculation and accept acces to a home as a human right. So prohibit/tax unrented rentals, progressively taxes owning multiple homes. I live in a poorer EU country where foreign money bought everything they could. They dont even bother renting it out because increase of the value of the properties is where the money is. If they started to rent the evaulations would fall.

BurningFrog 3y ago

The plural of "the monopolists" is an interesting concept :)

jowea 3y ago
I think the word is "cartel".
- BurningFrog 3y ago
  "Oligopoly" if you're an economist.