Comment by JKCalhoun
6 days ago
I'm pretty sure investors are persuaded by money and little else — if renting is profitable they'll build rentals.
6 days ago
I'm pretty sure investors are persuaded by money and little else — if renting is profitable they'll build rentals.
> if renting is profitable they'll build rentals
The point is it's difficult and expensive to build in America. The core competency of construction in most cities is knowing how to grease the community boards', planners', affordable-housing advocates' and permitting offices' palms.
it isn’t really all that difficult, but it is difficult to build in the places that the jobs are.
There are tons economically depressed towns that would absolutely love to have an infusion of property tax revenue