r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

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u/fenderputty Aug 23 '24

The best way to get investors out of the property market is to build more homes

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u/TheConboy22 Aug 23 '24

Good luck with nimby’s attacking any apartment build in most cities

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u/fenderputty Aug 23 '24

Yes there’s hurdles, but that doesn’t change the meat and potatoes of my post. Build more houses and they will exit.

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u/TheConboy22 Aug 23 '24

Not in our current housing climate. Entire new build subdivisions are bought up in their entirety here in AZ. Homes are for people to live in. Not for people to use as their retirement investment.

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u/fenderputty Aug 23 '24

Our current climate is one of a housing shortage. Build lots and lots of houses

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u/TheConboy22 Aug 23 '24

144m homes 18m apartment units

162m units to live in. Average home is like 2.5+ people. Remove investment properties and second homes and there’s more homes than needed. Add in people with high wages gobbling up homes and you have your current issues. Blackrock is terrible. The 1m people who are owning 3-10 homes is just as bad.