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We could solve every problem mentioned in these comments by just building a lot more houses. Housing scarcity makes it an investment asset. Make that not true
by bpodgursky 5y ago
We could solve every problem mentioned in these comments by just building a lot more houses.
Housing scarcity makes it an investment asset. Make that not true.
- AnimalMuppet 5y agoAnd as long as people keep buying them up for investments, keep building more. Just keep taking their money, and keep building enough that their investment keeps going down in value. Eventually they'll stop. And along the way, you'll also help people who can't afford housing. There are two problems with this approach. One, a whole lot of people have the value of their home as part of their retirement plan. If you start driving that down as a deliberate policy, they aren't going to be happy. Two, we're currently facing a major shortage of building materials.