Individual and institutional investors are buying up sfh which makes the housing crisis worse.
I dont like institutional investors buying up, but got no qualms on individuals loading up their 3rd house or whatever more. Competing with ppl who have cash seems to be fair game vs a corporation.
It can be ethical. For example new construction. But now its not. Demand is higher then supply so prices will growth. Investors will increase demand and prices will grow even faster. And in some point it will not be possible for regular people to buy a house. Regular people will move to other places. Companies will need to move with workers. So it will create bubble and crisis in the future. This problem can be solved by increasing amount of new construction and increasing taxes for institutional investors.
Real estate investment is a sound financial decision for the future of your family. It is a good hedge against market downturns and can provide a steady source of income for the retired. The entire stock market is propped up by the fed and doesn't seem to have strong fundamentals. Sure, housing is correlated but I'd rather have a million dollar house earning rent than a million dollars in stocks. To be honest, I'd do a whole lot worse to society for a whole lot less if it benefited my family. I don't think ethics applies when the decisions directly benefit your family.
See this is exactly my point. When people talk about homes it's always about the value, the finance, the cash flow, the wealth it brings. It's never about what homes are really meant for. This makes me sad.
I get your point about lack of affordable housing. I won't deny this behavior isn't ideal for the poor. It's just that when I weigh what is necessary for my family vs what benefits others, the decision is a no brainer.
Artificially limiting the supply is unethical.
It’s not great for regular folks. Real estate investing should get less property tax breaks or tax benefits
No
Not owning a house doesn’t mean you don’t have a place to live. You can rent
Let people do what they want - but don't let them come crying to the gov when things collapse and people realized they overpaid for something in a bubble.
I'm not talking about if there is a bubble rn. Just questioning the basis of RE investing in a general sense. It seems there is so much emphasis on buying/investing in real estate to preserve/generate wealth. People are losing sight of what homes are really for - a shelter, a place to live... This sounds a bit commie but housing should be a human right, not an investment product.
Buying real estate to hold as gold is not ethical. I believe this issue will block growth of tech hubs