this post was submitted on 28 Oct 2023
687 points (96.2% liked)

World News

32318 readers
988 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Zippy@lemmy.world 1 points 1 year ago (1 children)

Not allowing foreign investment is reducing capital for construction. Living in Canada this is not helping like you think.

[–] IHaveTwoCows@lemm.ee 1 points 1 year ago* (last edited 1 year ago) (1 children)

No it isnt. That makes no sense, and housing shouldnt be an investment scheme anyway. Their values cannot rise indefinitely. That's the root of our housing problem right now.

[–] Zippy@lemmy.world 1 points 1 year ago (1 children)

What economic reality results in more houses being built with less investment.

We have a lack of houses. Lowering the price will not make houses materialize or do you think some magic will happen?

[–] IHaveTwoCows@lemm.ee 1 points 1 year ago* (last edited 1 year ago)

What economic reality makes housing affordable when used as a corporate investment scheme? What percentage of framing or roofing is provided by foreign-held stock portfolio? I can see we're gonna yell past each other as you refuse to recognize what the housing shortage actually is. I lived in a country that built houses just fine and met the demand just fine until Reagan deregulated finance and manufacturing. Your concepts will find no purchase here, as they are a proven failure.