...and, importantly, they have even incentive to keep the housing market
tight to keep prices going up.
I would not be surprised if there were some agent provocateurs in local
NIMBY groups which are infiltrated with people from these private equity
groups and other stakeholders.
> From: Noelle <noelle>
> Date: Wed, 26 Mar 2025 09:20:14 -0700 (PDT)
>
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> Red tape isn’t causing the housing crisis. Contrary to what
> “Abundance” elites claim, America’s affordable housing crisis isn’t
> a supply issue. The Federal Reserve found that constrained supply is
> “relatively unimportant” in explaining rising housing costs, which
> means construction limits aren’t the problem. More than 90 percent
> of Americans reside in counties where housing costs grew faster than
> incomes from 2000 to 2020.
>
> Real estate groups backed by investment behemoths, including
> Berkshire Hathaway and Starwood Capital Group, spent over $402
> million lobbying the government on housing policy between 2020 and
> 2022. Blackstone, the nation’s largest landlord, has spent millions
> lobbying against rent-control measures while gouging tenants and
> ramping up evictions.