Housing is only a good investment when supply is constrained. These PE firms buy... | Hacker News

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HDThoreaun 4 months ago | parent | context | favorite | on: How to convert between wealth and income tax

Housing is only a good investment when supply is constrained. These PE firms buy housing because they see that NIMBYs are in control. As they predict rents soon begin to rise. Youve got the cause backwards

ethbr1 4 months ago [–]

What's to stop PE from supporting NIMBYism in markets they're part of?

solidsnack9000 4 months ago | [–]

Nothing -- but the crazy thing is that people vote for it, not that landlords support it.

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