Uhm, crashing the market definitely doesn’t solve affordability. I mean just look at the damage the subprime mortgage mess did to the USA.
The housing shortage is about too little supply, too many “investors” scooping up properties, & builders not building homes under 2000 sq ft.
The housing shortage is about too little supply, too many “investors” scooping up properties, & builders not building homes under 2000 sq ft.
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We’ll be in for a lot of pain economically for the next 30-50 years if this nonsense comes to a referendum.
Builders refusing to build homes under 2000 sq ft is part of the affordability problem. We don’t have “starter homes” anymore. The size of homes now is ridiculous, costly, & unnecessary.
Give me a small 700-1000 square foot home and I could be really happy. OK the basement doubles that but we generally don’t count them.
We upgraded to a 1500 sq ft 1980’s build about a year and a half ago, and it feels like a mansion, to me.
The size of new builds is part of the affordability problem.