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It's just business
(lemmy.world)
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this post was submitted on 30 Jan 2024
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If you can't answer that question, then you can't decide on the correct course of action.
Vacancy rates in cities suggest the answer is that the empty homes are someplace else. The correct course of action, therefore, is building more in cities.
But if you do build them in cities, the investors simply come and snap them up. Then you're back to square one.
If that were true, we also wouldn't see a low vacancy rate. It does happen, but not at a high enough level to substantially effect prices. I'd still totally support a law limiting how corporations can buy and flip homes. There's just not much evidence that it's widespread.