• thenextguy@lemmy.world
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    4 months ago

    Should hotels be illegal too? That’s basically renting out a room by the day. What if you cannot afford to buy a house, or only want to live somewhere temporarily? If you cannot rent any place to live, what would you do?

    As with most things, it is a matter of degree.

    • UnderpantsWeevil@lemmy.world
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      4 months ago

      Should hotels be illegal too?

      If they’re monopolizing the housing market, absolutely.

      What if you cannot afford to buy a house

      There are 16M vacant homes to distribute among around 770k homeless people. With such an enormous housing surplus, why is the clearing price for a housing unit so far above a new prospective buyer’s budget?

      You posit that people can’t afford to buy homes without asking why homes are unaffordable.

      Investors accounted for 25.7% of residential home sales in 2024.

      • ObjectivityIncarnate@lemmy.world
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        4 months ago

        Investors accounted for 25.7% of residential home sales in 2024.

        In that article, the word “investors” is deliberately lumping together individuals, and institutions/corporations, in an obvious attempt to trick people into thinking that category is comprised entirely of the latter. Underhanded semantic maneuver. Within the same article:

        While large institutional investors continue to get most of the headlines in the single-family rental space, small investors account for more than 90% of the market.