103
The issue isn't lack of existing housing.
this post was submitted on 25 Oct 2024
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No. It's not a lack of existing housing. It's lack of available housing. Millions of homes sitting empty, owned by these firms as investment properties.
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Are you saying the solution to the housing crisis is to starve 50 million people to death?
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I think this deserves a closer look. This isn't just affordable housing, but affordable housing in the middle of Downtown areas loaded with walking distance services, jobs, and public transportation. Moving working class people into urban areas is a good thing that can have a reverse-gentrification knock-on effect as the extra housing inventory pressures landlords to cut rents.
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I guess you shit and piss out of the window? Oh wait, office building windows don't open. Oh well, communal shitter and kitchen in the same spot it is.
My work abandoned their offices during covid. The building is being converted into luxury apartments. Capitalism is fundamentally based on the deprivation, not the satisfaction, of human needs like food, housing, healthcare, etc.
Probably because you can't convert offices into affordable housing. The cost is staggering.
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not the answer, but an answer, in a very long list of possible solutions
I'm not negating the benefits here. But this answer is to a problem created by the very people providing the answer, except it only truly benefits the causes. Millions of empty homes, owned as investment properties by these firms. They're causing the housing market deficit, and are now providing a "generous" 150sqft closet for $850us per month.
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This idea in particular seems inconvenient to me, but there may be people who would prefer something like this.
I had a very small apartment when I lived in Japan, and honestly, I really liked it for the most part. It was a bit bigger than what I think they're saying in this article, though.
While I'm not fully on board with this idea, I do think it could help some people out. When I got my first job out of college, I definitely couldn't afford to live anywhere aside from my parents house. All my friends were in the same boat and even with our meager salaries together, we could not afford to get an apparent together. It took us 3-4 years out of college to have the salary to be able to come together and get an apartment. But what if you moved to a new place and don't have friends to share with? What if you just... Don't have friends or have some reason you can't live with others? This is a great solution for that. My brother was in a situation recently where he felt stuck in a relationship with his batshit crazy girlfriend because he couldn't afford to be on his own and would have to move in with our parents if they broke up. It eventually worked out and he has an apartment all his own, but I feel he could have removed himself from that relationship sooner if there was a cheap option like this for him to use temporarily.
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once again, trying to shift the onus for a solution away from the 1% who caused and perpetuate the problem
Exactly. Not sure how slum lord flats are the solution here, when investment firms are sitting on millions of empty homes.
Who do you think owns those fucking buildings with office space?
The same investment firms. That's my point. They own too much, and need regulation.
how slum lord flats are the solution here
they're a solution for building owners who can't find tenants to lease their office space to. they don't actually care about the peasants who can't find affordable homes
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Lots of housing is the solution to the housing crisis.
Outlaw AirBnB and corporate ownership of residences or the amount of housing will literally never matter.
Almost there... It's really about ending capitalism.
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While true, in the USA, there are millions of "investment homes" owned by investment firms, all sitting empty, driving down supply and driving up costs. The solution to the housing market in this instance isn't to increase the availability of 150sqft slum lord flats, but instead to significantly decrease the number of "investment homes" an entity is allowed to own [and to restrict its use (for example, it must not sit empty for more than 6 months)].
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