LogFAQs > #942896218

Try_Another___ posted...

I think the real problem are the sort of landlords who buy up dozens of properties in a systematic fashion, eliminating the opportunity for homeownership in a given community and arbitrarily raising the cost of housing. Ive had landlords who were just people who owned a house and then wanted to move elsewhere, but wanted to eventually return to the area so they keep the house and rent it out so it isnt just sitting vacant. Thats hardly the issue

Housing is expensive because of cheap credit from banks which increases demand, not landlords buying up all the properties.

As with everything there's a yin and a yang. If you made credit more expensive housing would be cheaper, but it'd also be harder to get a loan and you would pay more interest on the money you borrow. If loans are cheaper and accessible to more people than it will drive up demand and prices.

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