Which homeowner isn’t? There is good reason why nobody is moving to high unemployment Newfoundland to buy up the houses they can’t give away even amid the “housing crisis”. A home, even your primary residence, is a capital asset. Basically everyone is living where they do because that house provides them profit – most likely by it being a tool to provide access to a highly profitable labour market.
It may be a conflict of interest, but when there is no interest not in conflict, what are you going to do?
That’s an obfuscation of the point. The conflict of interest is that they directly make money from their property - landlords rigging prices and buying all the property are the problem, and they’re also the ones making laws to regulate themselves.
The conflict of interest is that they directly make money from their property
Just like everyone else.
If people weren’t concerned about the money they directly make from their property, why aren’t they moving to said places in Newfoundland where profit cannot be made? Housing crisis averted!
Trouble is, the profit a house generates is a strong motivator – maybe even a necessity. That’s why they are not moving to Newfoundland.
Wouldn’t it also be a conflict of interest if they were renters? How can someone not have any interest in housing?
Sure, but in that case their interests would be a human right. It’s a conflict of interests because they are for profit owners; not just owners.
Which homeowner isn’t? There is good reason why nobody is moving to high unemployment Newfoundland to buy up the houses they can’t give away even amid the “housing crisis”. A home, even your primary residence, is a capital asset. Basically everyone is living where they do because that house provides them profit – most likely by it being a tool to provide access to a highly profitable labour market.
It may be a conflict of interest, but when there is no interest not in conflict, what are you going to do?
That’s an obfuscation of the point. The conflict of interest is that they directly make money from their property - landlords rigging prices and buying all the property are the problem, and they’re also the ones making laws to regulate themselves.
Just like everyone else.
If people weren’t concerned about the money they directly make from their property, why aren’t they moving to said places in Newfoundland where profit cannot be made? Housing crisis averted!
Trouble is, the profit a house generates is a strong motivator – maybe even a necessity. That’s why they are not moving to Newfoundland.