Housing prices are determined by rent. If you put all those houses in the market not only would it flood the market with inventory. It would dramatically lower the cap rate, i.e. the amount of profit from rent you can get by renting homes. There’s a reason why hotels were so heavily regulated before.
For a bit, probably, yeah, but it’s really just a temporary measure. We need to be building a lot more housing, like plunking down unironic commie blocks, and doing it consistently to address the housing shortage and keep it from resurfacing.
Housing prices are determined by rent. If you put all those houses in the market not only would it flood the market with inventory. It would dramatically lower the cap rate, i.e. the amount of profit from rent you can get by renting homes. There’s a reason why hotels were so heavily regulated before.
For a bit, probably, yeah, but it’s really just a temporary measure. We need to be building a lot more housing, like plunking down unironic commie blocks, and doing it consistently to address the housing shortage and keep it from resurfacing.