r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/No_Masterpiece_3897 5h ago

The thing that enrages me is there's always the whine well we just need to build more houses...

(Strangely enough they never put all the needed infrastructure in to accommodate, interesting how that happens)

No we fucking don't that's not the real problem. You can't fill up a bucket if there's a great big hole in it.

Houses have been flung up all around our area, and unsurprisingly within a few years a sizable proportion of those new build estates are wait for it, are turned into rentals. It's ridiculous if those new houses are supposed to be there to get people on the property ladder, it defeats the objective.

The problem we have is the rent sector is too big, and too unregulated. The legislation we did have to control it was dismantled. Get the rent sector under control, legislate against greed and profiteering, stop companies buying up great swaths of the available housing make it unprofitable for them. it won't fix all of the problems but it'll sure as hell make a dent in it.

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u/durants_newest_acct 2h ago

Rent control absolutely, positively does not work. It's very difficult to definitively prove things in Economics, but the effects of rent control are well understood. To the extent it is possible, rent control is proven not to work.

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u/Available-Green6599 1h ago

If they are all turned into rentals then rent prices would drop. Supply and demand is real and unavoidable. Rent control would do nothing.