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Define the problem first, then we can talk about a solution. The problem (as I see it) is artificial scarcity of housing which creates artificially inflated an
by alanwatts 11y ago
Define the problem first, then we can talk about a solution.
The problem (as I see it) is artificial scarcity of housing which creates artificially inflated and unaffordable housing costs. Depending on what sources you look at, there are around 4-6 empty houses in the US for every homeless person.
The solution to that would be to cease the state-sponsoring of fraudulent and dishonest sub-prime mortgage shell games like the one which climaxed in 2008 and let simply the market normalize.
- forgetsusername 11y ago>let simply the market normalize. Who's to say what that "normal" market looks like, and what it means for housing affordability?
- alanwatts 11y agoVery good question, considering how abstract of a term "the market" is. I suppose in a "normal market" if a surplus of supply exists affordability should increase as prices should decrease. That's Economics 101. But in a market controlled by a monopoly/oligarchy, the price system is dictated by the recidivist whims of the super admins, rather than by the needs and desires of the user base or the physical reality of the resource(s) in question. So in the current state of housing surplus, affordability has decreased as prices have increased.