this post was submitted on 12 Sep 2023
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Something needs to be done about this shit. About all this investment property BS.
The only thing that will truly fix it is to start building housing faster than the demand for new homes, which means developing denser housing. Unfortunately that will require changes to zoning rules in cities, and most cities are being run by people who benefit from the current system.
I have very low faith because the people in power with lots of money probably own several properties and use them for either current monetary gain through rent, or retirement funds when they sell.