Comment on @jack_toohey on why the housing crisis is not caused by migration

null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

• TheBat@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Same as every other place I assume. Rich fucks buying up property as investments.

  This shit is happening everywhere. Even in India housing prices are astronomical. Some places in Mumbai are as expensive as New York while the median income is nowhere near that.

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  • null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    That doesn’t create a shortage of rentals though.

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    • glimse@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      What do you think “property” is in this context?

      They are buying homes and not renting them out. Holding them as an investment and/or making money off them on Airbnb.

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      • null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

        Why would you buy a home and not rent it out?

        AirBnB isn’t helping but it’s well established that it’s not a significant driver of the problem.

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• Taleya@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

  Covid made a lot of people realise they couldn’t stand their housemates, airbnb slices, dwelling availability (empty places that no one wants to buy or want to landbank) , population shifts eg: one house of two people divorce, now need two houses etc… lots of reasons.

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  • null_dot@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    This is the correct answer. Fewer average occupants per house, for a variety of reasons.

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• Ilandar@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

  How many of these dwellings are available to rent long-term? The ABS definition is very broad:

  A dwelling is a structure which is intended to have people live in it, that is it was established for short-stay or long-stay accommodation.

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  • CoolThingAboutMe@beehaw.org ⁨3⁩ ⁨weeks⁩ ago

    So AirBnB/Stayz/etc is a contributing problem.

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    • Ilandar@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

      Definitely, although my understanding is that even places like student accommodation and aged care homes contribute to that figure.

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• thatKamGuy@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

  Numbers can lie, or at the very least obfuscate the truth. Consider the following, as an example:

  • Families are having fewer children, so the average number of people per home has dropped (eg. from 4/home to 3/home). That would mean we need 33% more homes just to account for the same population.

  • New housing stock may not meet needs; a tonne of studio, 1 bedroom inner city apartments may not be suitable for the above families, so demand for existing stock just increases.

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