Property like everything else is commodified and turned into capital investment, and the policies are created afterwards to maximize the profits of who controls the state at any given moment.
Why build housing and bring housing prices down when you can buy a plot of land, get permissions to build and just sit on it until it’s impossible to get a higher price and then build just enough houses to maximize profits without ever lowering housing prices.
It’s zoning artificially restricting supply in order to appease classist/racist NIMBYs.
Nope, it’s capitalism. Property is an investment, and the class of people that live off investments also control our system/governments.
If you own multiple houses, things are going awesome for ya.
Property is an investment because of the policies pointed out by OC.
Property like everything else is commodified and turned into capital investment, and the policies are created afterwards to maximize the profits of who controls the state at any given moment.
Nope, Land Banking
Why build housing and bring housing prices down when you can buy a plot of land, get permissions to build and just sit on it until it’s impossible to get a higher price and then build just enough houses to maximize profits without ever lowering housing prices.