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Comment by Patrol8394 | Hacker News Reader

Solving housing crisis requires making housing not an investment. Make very very very tax inconvenient to buy places for the sole purpose of renting them out. Do this, and most problems are solved. But banks and legislators have no interests in doing so, therefore nothing will ever solve housing crisis. Make peace with it. It will only get worse.

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Make supplying rental units illegal? Your "solution" involves evicting half the stage of California.

No - it makes putting half the stage on the market. There is a difference.

Given that 50% of the state rents and you would make it illegal for them to continue their current occupancy arrangement? Not going to keep replying.

Not saying I agree, but the concept is that 50% more capacity on the market drives down prices so much that renters can afford to own.

Obviously not everyone could afford, and not everyone wants to, and that transition process would be dramatically inefficient. (For example, inspectors could charge a fortune with so many people trying to buy so many homes)

The end goal is not the problem.

It's ridiculous to suggest outlawing 50% of a state's living arrangement.

Good solutions consider the current state, they don't skip past it entirely

But it's sort of obvious to me that to wouldn't push prices down so much that most renters, some of whom are quite poor and and have poor credit, could own.

Plus, even if you are putting 50% more capacity on the market, you are also putting multiples of that in demand on the market, since renters who don't know each other often live in the same house.

Yeah, these people want to restructure the market and turn home serfs into homeowners. Monsters.

Why would you allow a foreign billionaire that does not live and produce any value in US, buy properties for the sole purpose of speculating and driving price high? There are countries like Denmark where you can’t just buy properties, you have to be authorized.

That would be a good start.

Drastically reducing rentals would crush job mobility/flexibility. There are a lot of problems with the rental market, but it's existence is not one of them.

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