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Higher supply would mean lower prices. By definition affordability issues and supply issues are the same barring some kind of regulatory capture or abuse of cre
by swiley 5y ago
Higher supply would mean lower prices. By definition affordability issues and supply issues are the same barring some kind of regulatory capture or abuse of credit.
- tedk-42 5y agoCredit abuse is subjective - accessibility to credit for all parties equally mean that it will continue to be profitable for property investors to buy up more and more of the housing supply without constraint. Building 'more' housing is not the answer. Preventing people from holding real estate as assets is the solution. We don't privatise ownership of water or air - two basic resources for humans to survive. Privatisation of basic human necessities is dangerous and we'll see in the future how large scale private property ownership will continue to drive social issues. It's really just the beginning...
- swiley 5y agoHolding realestate as an investment is the incentive for developing land and maintaining buildings.
- tedk-42 5y agoI'm completing against the idea that 1 person can own 100 houses while the other 99 are forced to rent from that person. Developing land is a no brainer. No need to keep making the rich richer while pricing out first time buyers from the market. We can all afford to purchase water and there's no fear of it running out when investment is properly done to manage water as a resource. Surely we can do the same with housing so people can afford to buy.
- swiley 5y ago>Developing land is a no brainer Yes, because you can proffit by doing it.