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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[–] storksforlegs 2 points 1 year ago* (last edited 1 year ago)

Sorry, several generally means two, but I apologize if that made it sound like more, hehe. But you're 100% right, many more studies are needed after a longer period to see the long term effects.

But I think the main idea was that more and varying interventions are needed to lower the cost of housing (such as building affordable rentals) Its a complex and ingrained problem, and a single step like eliminating investors in such an inflated market is still not going to benefit low income people, and may in fact backfire. But at least other regions can learn from it in their approach.