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(To be clear I'm in favor of this, the best way to keep rent low is buidl buidl buidl) - I think this is not true when applied to finite space and resources liike capital and land. Something different when you have 2^256 slots, theoretically endless, then buidl, buidl, buidl.. :)
allocating extra capital on buildings would lead to superproduction crisis while not solving renting costs.. why? vulture funds (and banks) will retire other buildings of the market to decrease the supply, increasing prices.. while all these new buildings will end empty.. this is what happened and is happening in spain.. after the called "crisis of the brick", we have enough empty buildings..
and, we have a problem with touristic renting, this is more profitable and it is decreasing the supply for neighbors with medium/lower incomes.. so, renting control is necessary at some point to control this.. or we are going to have to live in other city to allow tourists 3 months in the year (not in my city, tho, here is cold, so cheap) 1 reply
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problem is when all the city becomes premium space, like renting in Madrid or Barcelona, even out of the city, is becoming very expensive
yeah, this supply flood strategy would work if banks and funds were not the owners of 90% of these empty buildings, they have them out of the renting market, so they are not supply (not for renting, not for sale)..
this is why just build does not fix it and the govs should do something on top of that, like renting control or forcing these buildings to be rented instead being just empty.. meaning we already have more buildings than we need.. but they are out of the market.. 🤔 and they have incentives to continue doing this..
aside, one thing that could break this (and it is very exciting) is printing 3D homes, still early tech but could be the future and disrupt the market 1 reply
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the idea is the same, flooding the supply and await prices to go down,
plus being very low cost would be an incentive.. buying a home with the salary of a couple of months or even less would be an interesting alternative for many people,
yeah, the problem is this, enough room to do that, owning land to do that, enough resources around, and all this stuff,
tho, buildings or printings will need this room to exist, but yeah, this is the main problem, you cannot just print a home, you need to own some land and this land must exist in the Earth close to some essential resources to survive
not a particular fix for that, but enough disruptive and low cost to be attractive and could flood the supply too (and, we could go crazy and build whole cities, who knows..) another problem is durability against natural or human disasters, still early on this.. 0 reply
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