• 301 Posts
  • 148 Comments
Joined 2 years ago
cake
Cake day: June 10th, 2023

help-circle



































  • A landlord who just buys a property and rents it out is doing nothing for the housing supply but obviously a developer that buys a house and turns it into an apartment building is increasing the housing supply regardless of whether they rent the apartments or sell them or whatever.

    Not sure what you mean by government owned housing available for purchase - surely it’s either government owned or being purchased? A big government house building program would be fantastic, but that’s no reason to support keeping restrictions on also helpful private house building.



  • I said the following:

    an apartment in that building will not be as expensive to buy or rent as a full house next door sitting on as much land as the whole apartment building

    As in the price of the apartment sells for will be lower than the price the house next door sells for, and the price you can get for renting the apartment will be less than the price you can get for renting the house. The relationship between rents and sale price in the same place are more complicated, especially if you’re comparing an existing mortgage that followed from a sale years ago in a different housing market.