Just as we made a lot more hand sanitizer and now it’s cheap enough for everyone to have clean hands, we can build enough homes so they get cheaper and everyone can have a place to live.
Comments
Log in with your Bluesky account to leave a comment
Can’t be undone now without pissing off all the home owners and leaving many in negative equity. It’s a political problem where interests of the haves are pitched directly against the have nots, and the banks and landlords rejoice.
It's a chicken and the egg problem, but once supply is no longer restricted and houses are in good enough supply, they will no longer be seen as a good form of investment.
Yep. A rapid increase in housing affordability is also known as a real estate crash by people who own, mortgage or build housing.
The only non-crash path I see is segmentation via public construction of non-market housing at a massive scale, so that market home prices can stall and coast.
You can only extract rents from hoarding if there is a shortage. If there is a surplus people will just buy some of the readily available supply that is still on the market instead of dealing with rent seekers.
Comments
Those were choices, not laws of nature
The question wasn't if it should be done, but if it could.
It can.
The only non-crash path I see is segmentation via public construction of non-market housing at a massive scale, so that market home prices can stall and coast.