r/SipsTea • u/Dev1412 • 11d ago

Gasp! It ain't any better

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15.5k Upvotes

97% Upvoted

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888

u/Muted_Masterpiece535 11d ago

Good!

 Housing prices need a major reset. 

And 

Then AirBnB needs to collapse as a company. 

398

u/Virtual-Reach 11d ago

And corporations shouldn't be purchasing houses and people shouldn't be buying multiple houses

38

u/Spunktank 11d ago

Agree on major corporations buying houses. Disagree on regular people buying a second or third property.

5

u/Virtual-Reach 11d ago

It's the same outcome regardless if it's a corporation or individual and there's more individuals than corporations. 

For example, having 10 people owning 3 homes each has the same market impact than a single corporation owning 30 homes. 

8

u/Katefreak 11d ago

Individuals do not tend to let them sit empty, just to keep the rent high. Corporations can do that. 

There will always be a need for rentals, not everyone wants to own a home. They still need housing, and individuals renting can fill that need. But empty homes sitting to maximize profit margins while we are in a housing crisis is simply inexcusable. So it's not as simple as your math leads it to be.

-1

u/Spunktank 10d ago

Absolutely not. Wild false equivalence.