They'd build them so they can sell them. You can own apartments too.
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bionicjoey@lemmy.ca 10 months agoResidentjal property shouldn’t be allowed to be an investment. Or heavily taxed to make it unprofitable unless you live there yourself.
Why would anyone build new apartment buildings if that were the law? We desperately need to be building more housing, and denser housing.
Neato@kbin.social 10 months ago
bionicjoey@lemmy.ca 10 months ago
So everyone needs to be able to spend the upfront capital to buy a home? What about people who want to rent? There are lots of advantages to not buying.
Bonskreeskreeskree@lemmy.world 10 months ago
The advantages you mention are a result of inflated values. Your parents generations could much more easily buy a property and decide to sell it within a few years to move somewhere else.
Neato@kbin.social 10 months ago
Loans exist. And reduce the upfront cost in paperwork to buying a house. It shouldn't cost nearly 5 figures just to get documents signed.
bionicjoey@lemmy.ca 10 months ago
So instead of paying rent, you pay loan payments. And the bank can seize your property if you can’t pay. Sounds like six of one and a half-dozen of the other.
Starglasses@lemmy.blahaj.zone 10 months ago
We could use the existing empty housing for all of the homeless. No new “investments” are needed at all.
Can people not see a project for its goals and not its costs? Money is hindering progress so badly.
Dyskolos@lemmy.zip 10 months ago
There also is a thing called public property. Some time ago our government build and owned buildings. Everyone had a cheap home. The moment you privatize a thing you become an investment.