World News

22056 readers

39 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

America's housing shortage is keeping home prices high (www.axios.com)

submitted 1 year ago by lumberjacked@beehaw.org to c/news@beehaw.org

36 comments fedilink hide all child comments

We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.

I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?

you are viewing a single comment's thread
view the rest of the comments

[–] V699@kbin.social 5 points 1 year ago (3 children)

This got me thinking, I wonder if the reason they don't fix homelessness is to create artificial scarcity for home values

[–] quikideo@feddit.nl 0 points 1 year ago (1 children)

Of course. The people who run cities are almost always multi-millionare landowners and their friends all have real estate investments too.

They either make it illegal to build densely, or they put obstructions in the permitting process to restrict how much is created.

[–] V699@kbin.social 1 points 1 year ago

Our mayor literally has a town named after his family

load more comments (1 replies)