So let's try to understand the business model. The industry says they won't be able to invest in building more housing unless they can raise the rent 13% a year ( which is what they've been doing). But then, they say when they build enough housing the rent will go down? Which if you stick with their first point means that at that point they will be going bankrupt. If you just think about this, it makes zero sense. Every builder you talk to says the reason housing is so costly is because it costs a lot to build. Those costs aren't going to come down simply because we've built more houses. Their is simply no logic to their broken business model. They offer no solutions and that is sad.
Please explain the inappropriate content below.
