Viewing a single comment thread. View all comments

JohnDeere t1_j5v7o0l wrote

It literally does tho, its basic supply and demand I dont know why this terribly backwards idea comes from. We have a supply issue, we need more housing. Literally any housing helps. If the developers and investors were just buying legit any open property anywhere sure you may have a point but that would mean we would have no houses available either which we know is not the case. All housing built is good full stop.

1

cusmilie t1_j5vrwm0 wrote

I don’t know what you mean with open - as in listed in MLS? I don’t know exact percentages, but I would gather conservatively 75% never get listed. It’s under the table deals and in some cases taking advantage of elderly. The area started providing free legal housing advice to elderly which implies city knows it’s a problem.

1