• frezik
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    6 months ago

    Most of the things that would improve the housing market would be done at the city level. Getting hedge funds out of owning houses would be nice, but zoning and higher density are things done by your local city council.

    • willis936@lemmy.world
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      6 months ago

      I am surrounded by hundreds of empty units owned by a few multinational corporations subcontracting out their properties to the same management firm. They all use the same profit maximizing algorithm with a shared database. It’s very illegal. I don’t think a city could win a fight against a single billionaire, let alone a legion of them. I don’t see my city even trying. Right now some tenants across the country are suing, which is an even more damned approach. This needs a federal stick.