3 ms·
If I had to pick ONE hammer/nail to use to fix this problem, it would be more housing, orders of magnitude more housing. Actual competition, in this case, actu
by mjevans 8y ago
If I had to pick ONE hammer/nail to use to fix this problem, it would be more housing, orders of magnitude more housing.
Actual competition, in this case, actual choices for housing, having enough units on the market that slack is normal and expected, would definitely solve the inequality issue: and there's NO WAY the market's going to go back to that state naturally. Distorted market forces created a seller's (rent-seekers actually) market, and it's going to take drastic measures, or economic death, to correct it.
Edit: Though while we're at it, go ahead and encourage good community development and programs that make it easier for first time home buyers and stable jobs and all the other things that lead to better communities and more empowered people in general.