this is a very mis-guided and short-one sided article. Yes, we have a housing crisis, it's mainly because of a few giant corporations gaming the housing market. It's fine to build more houses and have more density in appropriate areas, say near public transit, but to change zoning in an area where people moved specifically because they d…
this is a very mis-guided and short-one sided article. Yes, we have a housing crisis, it's mainly because of a few giant corporations gaming the housing market. It's fine to build more houses and have more density in appropriate areas, say near public transit, but to change zoning in an area where people moved specifically because they desire space and privacy is wrong and unfair. It's one thing to allow individuals to build a granny unit, what most of these zoning changes do is allow developers to turn a single family home into 3-4 multi story townhouses that block out the light and change character of the entire neighborhood.
Worst of all is the total lie that this has anything to do with race. Redlining is wrong and horrible and illegal, but there's plenty of non-white people who want a home in the suburbs too, who have worked really hard to afford one, and they too will be damaged if their peace and quiet is turned into a traffic mess.
Large corporations own just a couple percent of rental single family homes (and a much smaller share of single family homes overall). The claim that such minor players are the main cause of high housing prices is extremely far-fetched.
If you look at recent purchases, bids, etc. you'll find it's a LOT higher than a couple of percent. A few wall street firms and companies like Zillow are attempting to corner the market, game the system, change how offers work, exactly what Matt writes about
I'm afraid I can't find data that supports your assertion. What makes you so confident that high home prices are a corporate conspiracy, rather than a simple matter of home construction failing to keep up with demand?
this is a very mis-guided and short-one sided article. Yes, we have a housing crisis, it's mainly because of a few giant corporations gaming the housing market. It's fine to build more houses and have more density in appropriate areas, say near public transit, but to change zoning in an area where people moved specifically because they desire space and privacy is wrong and unfair. It's one thing to allow individuals to build a granny unit, what most of these zoning changes do is allow developers to turn a single family home into 3-4 multi story townhouses that block out the light and change character of the entire neighborhood.
Worst of all is the total lie that this has anything to do with race. Redlining is wrong and horrible and illegal, but there's plenty of non-white people who want a home in the suburbs too, who have worked really hard to afford one, and they too will be damaged if their peace and quiet is turned into a traffic mess.
Large corporations own just a couple percent of rental single family homes (and a much smaller share of single family homes overall). The claim that such minor players are the main cause of high housing prices is extremely far-fetched.
If you look at recent purchases, bids, etc. you'll find it's a LOT higher than a couple of percent. A few wall street firms and companies like Zillow are attempting to corner the market, game the system, change how offers work, exactly what Matt writes about
Zillow and their competitors bought just 1% of homes sold in Q2 last year: https://www.zillow.com/research/zillow-ibuyer-report-q2-2021-30011/
I'm afraid I can't find data that supports your assertion. What makes you so confident that high home prices are a corporate conspiracy, rather than a simple matter of home construction failing to keep up with demand?