City Life

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All topics urbanism and city related, from urban planning to public transit to municipal interest stuff. Both automobile and FuckCars inclusive.

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What Happened When This City Banned Housing Investors (www.youtube.com)

submitted 1 year ago* (last edited 1 year ago) by storksforlegs to c/citylife

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The results were not what I expected, definitely worth a watch. (From the youtube channel Oh The Urbanity)

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[–] Thatpilotguy89@lemm.ee 11 points 1 year ago

Investor owners are only half the problem. Profit driven developers are more interested in making fewer sales at a higher margin than volume sales for lower margins. This keeps the average home value climbing and less likely for first time buyers to be able to get out of the rental trap.