@return2ozma to News • 10 months agoNew Legislation Proposes to Take Wall Street Out of the Housing Marketwww.nytimes.comexternal-linkmessage-square235arrow-up11.47Karrow-down111cross-posted to: [email protected]
arrow-up11.46Karrow-down1external-linkNew Legislation Proposes to Take Wall Street Out of the Housing Marketwww.nytimes.com@return2ozma to News • 10 months agomessage-square235cross-posted to: [email protected]
minus-square@SCBlink-3•10 months agoAssuming some large capital group buys all those homes, they’re going to do it to try to make money off of it. More supply means lower prices
minus-square@Katana314linkEnglish3•10 months agoConstraining supply, either by not building, or by buying everything available, means higher prices, so they don’t have to sell as many houses to make the same revenue.
minus-square@SCBlink-2•10 months agoGonna go ahead and throw out that people whose job it is to make said revenue saying that selling more makes them more revenue makes this not track
Assuming some large capital group buys all those homes, they’re going to do it to try to make money off of it.
More supply means lower prices
Constraining supply, either by not building, or by buying everything available, means higher prices, so they don’t have to sell as many houses to make the same revenue.
Gonna go ahead and throw out that people whose job it is to make said revenue saying that selling more makes them more revenue makes this not track