Hacker News Reader

This is what happens when greed takes over and people don’t put up with it. We need the same revolution in the Bay Area.

If you’re aspiring to be a landlord: don’t. It’s not noble, it’s not useful, and it’s quite literally rent seeking.

If you live in the bay and own, refuse to sell to faceless Chinese investors, real estate trusts, etc. Sell to families and individuals who need to live.

View on HN

This is a moronic statement. Housing shortages are not about “greed taking over”, they are about not having enough housing.

Edit: sorry for being rude, but attitudes like yours make things worse because they get people fired up about about useless actions that appeal to their base emotions. For example, Berlin wants to spend 36 billion dollars changing the ownership of some housing instead of spending 36 billion dollars building enough for everyone. Landlords cannot charge high rents if there is enough housing to go around.

Simply increasing supply only temporarily ameliorates the problem. Eliminating landlords addresses a fundamental inefficiency in housing.

This is wrong of course. Public housing does nothing to suppress the problem of growing demand while having limited supply.

Do you actually know what rent seeking means? Hint: it involves the government.

Reply on news.ycombinator.com