Why bother chasing pennies when you can snatch up all the prime real estate? (Plus, bonus! The artificial scarcity allows you to drive the price up even more)
Don't those idiots know we can just build more houses and erode the price of their investments?
I’m trying to follow your logic but I need some help. Ok, let’s build those affordable houses. Where should we build them? I suppose you could build them in Norton Kansas but Norton Kansas doesn’t have a housing shortage, not to mention there probably isn’t a lot of industry to sustain it. Besides those poors need to live reasonable close to where they work/grocery shop/can get to the doctor/generally participate in the human experience bc they probably don’t have the luxury of being able to manage a long commute. Well crap, all those locations that are even reasonably close to where they need to live are all kinda….snatched up, and expensive as crap. I suppose there might be a few vacant crack dens but that might be a tough sell.
Good thing these benevolent builders will go build some developments in locations where they will never recoup those costs I guess just out of the goodness of their hearts?
And in the (highly unlikely) event they don’t have “build a development” walkin around money, they might need to get financing from a bank. Good thing banks will see this 50+ year ROI scheme and jump at the opportunity