georgephillip
Diamond Member
- Thread starter
- #301
How about real estate speculators?So when you complain about the cost of housing, I can almost guarantee that unless you are living specifically in a boom town like in North Dakota during the oil boom.... It's because of left-wing socialist regulations and controls.
What role do they play in high rental prices?
8 Reasons Why The Rent Is Too Damn High
"Market Speculation
"According to a piece in The New York Times back in November, an Australian real estate investment firm basically now owns the Bushwick neighborhood of Brooklyn.
"This is one of the most hidden factors to high housing costs: mega-landlords and investors who can afford to buy up huge swaths of the available housing stock, reducing the natural elasticity of the market.
"Investor-driven developments are catalysts, speeding up the pace at which neighborhoods change.
"Ingrid Gould Ellen, a professor of urban policy at New York University, said in The Wall Street Journal that while 'it can take generations for neighborhoods to change,' big investors have the means 'to purchase lots of homes at once, even in tight credit markets.'"