I don't understand how there is any debate about this, if investors are aggressively snapping up units, it must mean there is a market there for it. The constrained market is created by city council and zoning that limits construction and constrains supply.
The big investment firms even say it in their financials: https://twitter.com/quantian1/status/159...6205639681
Yet again, council gets off the hook when we frame the fight as "normal people" vs "investors".
All of this ignores the fact that our governments do not build any public housing anymore, but Doug Craig has made it pretty clear what he thinks about spending literally any money in government that isn't the police budget.
The big investment firms even say it in their financials: https://twitter.com/quantian1/status/159...6205639681
Yet again, council gets off the hook when we frame the fight as "normal people" vs "investors".
All of this ignores the fact that our governments do not build any public housing anymore, but Doug Craig has made it pretty clear what he thinks about spending literally any money in government that isn't the police budget.
local cambridge weirdo