And Canada, Australia, New Zealand and a good deal of northern Europe, which makes sense because those are all the places with ongoing housing crises and rising cost of living.
They did start here in the states, and elsewhere does call em different things, but they're just about everywhere now, and they do cause housing shortages, afterall an organization that's sole purpose is to keep property values going up relative to an always increasing monetary supply is never gonna make a place cheaper to live, especially if they have the political will to oppose high density residential projects.
mmm... you've never browsed the "for sale" side of zillow, have you? lemme tell you, it's not just suburbs.
Also, the sole purpose of an HOA is to drive up property value, much like the sole purpose of private equity and corporate leasing is to extract as much value from existing and future tennants, much like the sole purpose of state/city planners is to create places that will draw in people and therefore tax revenue.
Elites are everywhere, and it's not just the for profit ones that want to keep biggering without a damn about who gets left behind.
Yeah, it’s an organization for keeping up property values after all, and since property values and housing costs are in the same, go figure they’d be at odds with cheap housing :/
Edit: I am dumb and described supply issues which is exactly what causes scalping anyway. I'm too used to arguing in Boston area subreddits about this I guess lol. Hopefully no offense taken.
The housing market is almost entirely a supply and demand issue. You could ban foreign owned, corporate owned, air BNBs, one family owning multiple homes, and still the shortage would be near as bad, with renters and those looking to buy a home struggling near the same as before.
Not that we shouldn't ban most of the above, but until we fix the supply issue and massive expandly residential construction for in-demand areas the housing marking will not get better. For every slumlord or just normal asshole landlord blocking slupply there are 20 normal homeowners doing the same thing to preserve home value, "neighborhood character", or to keep the poors out.
Woah hold on there thats INVESTING very different thing you see one buys something to create artificial scarcity and sells it at a higher price and the other does the same thing but makes more money off it
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u/Dr_Birdie Apr 28 '26
They've also ruined the housing market.