this post was submitted on 21 Sep 2023
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It certainly becomes a investment issues due to increasing costs. Regulations play a part in that. Freeing up existing inventory by banning STR's or taxing the shit out of 2nd homes would be a 1 time, short term relief, but it's not going to effect the construction industry costs for new construction.
It will definitely help by killing demand since many houses would actually see permanent occupancy.
The train of greed that permanent growth loves to accelerate will slow down if there is less money to make on the end product.
Briefly, and only for housing. All those permanent occupants need schools, grocery stores, malls, shops, infrastructure. And if you don't like people profiting off of building houses don't get me started on how much we make billing higher rates on government work. They are a headache, to work with but they pay way higher than commercial and private work.