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I completely Agree. It's absolutely insane that people think limiting the supply of housing can actually decrease prices. And that this is happening in some o
by pascalxus 9y ago
I completely Agree. It's absolutely insane that people think limiting the supply of housing can actually decrease prices. And that this is happening in some of the most highly educated cities where degrees are handed out to nearly 50% of the population.
One big thing they don't understand. You MUST increase the supply, absolutely MUST. There's no other way, except to reduce the number of jobs in the area. Every single regulation, every single affordability requirement reduces the total amount that can be built.
I've heard this: People make the argument: well every new market rate housing goes to rich people. What they dont get, is, for each so called rich person who moves into that new development, a new house comes onto the market (their old residence) and that helps push down prices.
It's unthinkable that so many people are going homeless needlessly. We need to increase the supply all the way to point where housing becomes affordable to everyone. And, yes, it will take a long time and a lot of building, but It'll be worth it.