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Doing everything we can to ensure house prices/values only go up is going to cause disaster soon enough. It's time we stopped bending over backwards to feed thi
by minikites 5y ago
Doing everything we can to ensure house prices/values only go up is going to cause disaster soon enough. It's time we stopped bending over backwards to feed this beast.
- avidiax 5y agoIt's not clear to me what disaster will happen. It's certainly distortionary and inefficient, but doesn't seem critical. Eventually we could get a voting shift where sufficient power is held by people priced out of owning, which could result in improved housing policy. Those eventual changes will be calculated to not disrupt the market, though.
- imtringued 5y agoIt's pretty critical. Housing is probably the only basic need that involves a non reproducible asset (land). Sure, farming needs land but the capitalists willingly sell you food.