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Joined 2 months ago
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Cake day: February 24th, 2025

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  • When more homeless people are in public housing, there’s less demand for rentals.

    When there’s less demand for rentals, competition falls and rents fall too.

    When rents are low, landlording becomes less profitable.

    When landlording isn’t profitable, investors move their stock to higher growth assets.

    When investors sell their houses, the price to buy a house falls.

    To put this in simple terms: a rising tide lifts all ships. Housing the homeless improves the lives of everyone except landlords and billionaires.