Quote:
Originally Posted by KincLosddy
Housing should not be something that major corporations and the ultra-rich can buy mass amounts of. How is it not a distortion when the people with the most money buy up huge amounts of housing to rent out and hold for later sale? Corporate ownership is a market distortion when the same market is shared with individual working class families.
|
https://en.wikipedia.org/wiki/Market_distortion The "wrong" buyers purchasing a good is not a market distortion if it's the FMV of the good.
Corporate ownership is often talked about as a "bad" thing but the fact of the matter is corporate ownership does not consume housing supply. There are no vacant properties being hoarded by corporate property owners, they're all (for the most part) rented out and lived in.
In fact, corporate ownership is good because corporations are now the only entities which can pool the capital necessary to redevelop lower density housing into higher density housing.
Threaded Mode