cryptoleft

There is no American “housing crisis”— there’s a supply-hoarding crisis to rig local market prices above the liquidity of local buyer capital. 

The policy solution is simple: poison-pill tax all non-occupant-owned housing to force immediate sale to local buyers at actual market rates.

Allowing unlimited non-local capital to supply-hoard vacant housing is simply anti-resident eugenics. Current residents are too poor, so replace them with richer ones— even if it causes widespread homelessness, forced migration and absurd energy costs for the displaced to commute. It’s as discriminatory as Federal Housing Administration redlining of black neighborhoods in the 1940s.

I don't agree with the viewpoint precisely but god is this discourse a breath of fresh air

Chocolate rainmaker. Singer. Thinker. Voice

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I live in Palm Springs, CA and my block is half short-term rentals. When I bought my house, I wasn't competing with prospective residents, it was all REITS and cash offers for properties to rent out. To your point @tayzonday have a look at billionaire-founded American Homes 4 Rent