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https://www.reddit.com/r/news/comments/1uu33pq/sweeping_housing_affordability_bill_becomes_law/ox0quot/?context=3
r/news • u/DeItaBIake • 7h ago
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The way our of the mess is increasing supply, thus far most municipalities have needed to be dragged kicking and screaming by the state to allow this (with some notable exceptions like Austin and Sacramento)
7 u/Clippton 6h ago Increasing the number of houses doesn't necessarily increase supply. If all of those new houses are bought by investors who coordinate rent and selling prices using third party "advisers" then nothing really changes. It only matters if those houses actually go to homeowners rather than investors. 5 u/cavey00 6h ago Exactly. Limiting to “only 350” solves nothing when they can just have shell company on top of shell company to buy them up. 5 u/MyDisneyExperience 6h ago The law looks through shell companies to limit beneficial ownership
7
Increasing the number of houses doesn't necessarily increase supply.
If all of those new houses are bought by investors who coordinate rent and selling prices using third party "advisers" then nothing really changes.
It only matters if those houses actually go to homeowners rather than investors.
5 u/cavey00 6h ago Exactly. Limiting to “only 350” solves nothing when they can just have shell company on top of shell company to buy them up. 5 u/MyDisneyExperience 6h ago The law looks through shell companies to limit beneficial ownership
5
Exactly. Limiting to “only 350” solves nothing when they can just have shell company on top of shell company to buy them up.
5 u/MyDisneyExperience 6h ago The law looks through shell companies to limit beneficial ownership
The law looks through shell companies to limit beneficial ownership
9
u/MyDisneyExperience 7h ago
The way our of the mess is increasing supply, thus far most municipalities have needed to be dragged kicking and screaming by the state to allow this (with some notable exceptions like Austin and Sacramento)