You understand that the better version of your argument is better regulation, not less regulation, right? Thatās really the core of my point. Plus, the items you mentioned still have other benefits that need to be weighed against (and lack of contractors isnāt even a regulation, itās a possible outcome of some other regulation, which is probably the licensing, but that is even closer to the whole FDA argument I made, and letās be honest, you needed more items for your list).
Edit: and it being a sellerās market is absolutely caused by demand for purchasing, so in the end itās still landlords fault. Theyāre converting too many non-rentals to rentals. Theyāre buying up houses at high costs because it becomes more affordable with more units, therefore driving pricing. It truly is the biggest influence in purchase price. Regulating that would absolutely have a far better effect than deregulating other areas (which still sounds more like they just need better regulation).
I mean in my neck of the woods the issue is less landlords driving up the price as it is influx of California s selling 1000 sqft homes in California for 1 million and being able to pay cash for any affordable house here because we donāt have a supplyā¦ again see my other reason for not having supply
I just googled it. It seems to be the mortgage lock-in effect thatās the number one driving factor for lack of homes. Mortgage rates are too high so people arenāt selling. They do mention construction under-building, but itās not really the main cause. Also in 2021, California passed a law allowing single family homes to become up to 4-family dwellingsā¦ ohā¦ this lead to a bunch of companies coming in and paying cash for homes to convert to rental units. And thereās actually been a lot of push to make it easier to build more and further deregulate and that seems to be having none of your expected outcomesā¦ because itās not really the biggest reason. And again, it has even had some of the opposite due to zoning deregulation.
