Submitted by 603ify t3_116x5cg in newhampshire
MethBearBestBear t1_j9fq8pc wrote
Reply to comment by slimyprincelimey in Sorry to the NHer’s who wanted to stay! by 603ify
There is no magic wand but discouraging people buying a third rental property out bidding the first time home owner and offering support to first time home owners would assist with the issue. Supply and demand has 2 factors. More houses fixes the low supply high demand but lowering the demand is easier than increasing supply.
Yes multifamilies being built faster than single family has cause a conflict between high demand of downsizes and first time home buyers but this is usually maintained by the group of small house owners leaving smaller houses opening up properties. The issue now is people holding onto additional homes for rent or "as investments" causing an artificial restriction in supply
slimyprincelimey t1_j9gc1en wrote
Offering support to first time home owners would increase demand significantly because it would increase the pool of people that can buy houses. And, I'd be curious how you suggest we "discourage" people from buying properties.
The only way out is to increase supply, or decrease demand.
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