The New Republic recently posted a screed against private market driven homebuilding. It’s mostly just standard prejudicial anti-market stuff from a point of view which is opposed, in principle, to the primary source of affordable housing. You can read it if you want to, I suppose.
Investors come in when regulators artificially create or suppress demand/ supply. Think zoning, zero capital required for European banks on AAA CDS, deductibility of mortgage interest and RE taxes for one group (investors), but not (beyond some point) and (here) denying access to financing (either directly, or via oversight of bank activities).
Investors just jump on opportunities when supply/ demand is regulated up/ down.
Investors come in when regulators artificially create or suppress demand/ supply. Think zoning, zero capital required for European banks on AAA CDS, deductibility of mortgage interest and RE taxes for one group (investors), but not (beyond some point) and (here) denying access to financing (either directly, or via oversight of bank activities).
Investors just jump on opportunities when supply/ demand is regulated up/ down.
Very well said!