Even Blackrock is affected by supply and demand. We clearly haven’t been building enough in most high demand places and that is not under Blackrocks control. Insufficient supply leads to high prices, regardless of corporate ownership
Let’s start with how can we help supply catch up with demand, then take additional steps if that doesn’t bring prices down
The best part about this is that this will give blackrock more homes to purchase with cash to the rent out to people at ridiculous prices. /s
Sorry, I’ve become way to cynical these days about virtually everything, I need to go touch grass.
There’s a few solutions out there to this, but it’s going to take a push to get city councils to agree to them.
The city can provide loan guarantees to co-operative housing projects. Once the loan is paid off, everyone owns their condo.
The city can also build its own housing rather than relying on developers.
Even Blackrock is affected by supply and demand. We clearly haven’t been building enough in most high demand places and that is not under Blackrocks control. Insufficient supply leads to high prices, regardless of corporate ownership
Let’s start with how can we help supply catch up with demand, then take additional steps if that doesn’t bring prices down
We need to go touch pitchforks.
https://youtu.be/acT_PSAZ7BQ
You should move to a golf-neighbourhood.