2 ms·
Why the downvotes? Housing can’t increase in value faster than real wages over time without making future generations measurably poorer. Of course, caveats appl
by opportune 5y ago
Why the downvotes? Housing can’t increase in value faster than real wages over time without making future generations measurably poorer. Of course, caveats apply. It’s reasonable that land prices in urban areas will on average grow as the population does, but if no development is allowed to be able to offset those higher prices then essentially nobody benefits from that increase in value besides existing homeowners.