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Trump is trying to pay his way into a US baby boom. Experts say it won’t work
(www.theguardian.com)
this post was submitted on 06 May 2025
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Build massive amounts of new housing. Give people paid parental leave, and universal healthcare. Guaranteed baby boom.
There is no housing shortage, just an abundance of greed. There are 14,000,000 empty homes in the USA and most are owned by corporations who hold them as part of a financial portfolio or hedge funds. Ban corporations from owning residential properties and the housing shortage will vanish without cutting down more trees and burning more fossil fuels.
Idk man, around me it’s sprawling single family homes for miles, when it should be blocks and blocks of condos and town homes. The NIMBYs have prevented construction for decades and now a house costs $1.5m. There is a housing shortage. I think corporations recently taking an interest in buying houses is because the shortage makes their value appreciate so quickly. They’re like parasites taking advantage of the situation, not the root cause.
The corporations buying houses, and property, is exactly the root cause. If they own it all, they set the prices. It’s a cash cow. You pay, or you’re homeless. You pay $2500/month rent, but they won’t give you a mortgage where you would be paying $2000/month.
The root cause is a lack of multi family housing. Corpos buying houses is not the primary issue with housing, though it is also a serious concern.
https://www.cbc.ca/radio/sunday/federal-social-housing-1.6946376 The Canadian government used to build social housing. We have a real problem with homeless people in Canada. There are only a few places left like this where I live. They are very well run complexes. My Son-in-law’s retired Mom lives in one. She worked hard all her life, but through a divorce and buying a “leaky condo”, she was left without a lot of resources. She was lucky enough to find a placement in one of these places. The rent is a percentage of her income. We need more places like this...