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Solving inequality isn’t needed to solve this problem, any more than inequality was solved in 1950... It may not have been 'solved', but inequality was much lo
by vannevar 7y ago
Solving inequality isn’t needed to solve this problem, any more than inequality was solved in 1950...
It may not have been 'solved', but inequality was much lower in the 1950s than it is today.
When there aren’t enough units available, it’s impossible to solve the problem and allow everyone to live where they want.
In an elastic market, it is possible. The problem is that housing is inelastic, because people have job and family ties that effectively keep them from simply moving away to where housing is cheaper. And in an inelastic market, inequality dramatically exacerbates the problem in high demand areas.
For a related article and discussion, see https://news.ycombinator.com/item?id=22088466 https://news.ycombinator.com/item?id=22088466.