I agree except on housing. That I will place the blame squarely on NIMBYs. Corpos only account for like 9% of housing/rental stock. A majority are mom and pop landowners with 1 or 2 properties in their portfolio. These homeowners lobby against development to protect property values.
While building more is obviously necessary, there’s still more than enough houses in the US to house all the homeless, but it’s less profitable, and in a profit driven system this is just the cost of doing business. Like, sure, people normally want to live in more urban places, but I don’t think many would want to stay homeless if offered an empty house elsewhere. Building more under neoliberal capitalism won’t do anything to fix homelessness, unfortunately.
I agree except on housing. That I will place the blame squarely on NIMBYs. Corpos only account for like 9% of housing/rental stock. A majority are mom and pop landowners with 1 or 2 properties in their portfolio. These homeowners lobby against development to protect property values.
Sources: https://www.resiclubanalytics.com/p/mom-and-pop-landlords-still-dominate-the-single-family-rental-market-batchdata-finds
https://www.doorloop.com/blog/landlord-statistics
https://www.aeaweb.org/articles?id=10.1257%2Fjep.20241428
While building more is obviously necessary, there’s still more than enough houses in the US to house all the homeless, but it’s less profitable, and in a profit driven system this is just the cost of doing business. Like, sure, people normally want to live in more urban places, but I don’t think many would want to stay homeless if offered an empty house elsewhere. Building more under neoliberal capitalism won’t do anything to fix homelessness, unfortunately.