29 ms·
And what would address the root of the problem?
by aero142 8y ago
And what would address the root of the problem?
- Apocryphon 8y agoIn the long-term, building more housing. In the short-term, cracking on speculators seems sensible.
- dllthomas 8y agoWouldn't a credible commitment to rapidly building more housing itself crack down on speculators?
- ebikelaw 8y agoThe problem is that in many places it is quite unlawful to build housing. The legal regimes exist to protect incumbent land owners. That’s an open invitation to speculators.
- dllthomas 8y agoIn one sense that's not a problem - in most cases the same body passing these laws could make new construction entirely lawful. But it does point at a root problem - that there's a meaningful chunk of the population that more-or-less wants things overpriced.
- stale2002 8y agoWell the solution would be to reject the idea that housing is an investment, and do whatever we can to crash the housing market. For example, by building a whole lot of houses.