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Yeah, but if that happens, the economic factors leading to a housing crash (i.e. mass unemployment) will almost certainly also prevent most people who need affo
by save_ferris 7y ago
Yeah, but if that happens, the economic factors leading to a housing crash (i.e. mass unemployment) will almost certainly also prevent most people who need affordable housing from being able to purchase it.
- JMTQp8lwXL 7y agoAll else equal, getting rid of superfluous zoning rules that are preventing new construction and thereby lowering prices, wouldn't harm those who close to being able to afford housing today. Relaxing zoning doesn't hurt the economy. If anything, restricted zoning limits the economic growth we need.
- save_ferris 7y agoThat I completely agree with. It just sounded like the parent suggested that a housing crash would somehow make real estate affordable for everyone, which clearly isn't the case, based on what happened in 2008.