4 ms·
Perhaps we should just keep building unaffordable housing until there’s so much of it that it becomes affordable
by imgabe 5y ago
Perhaps we should just keep building unaffordable housing until there’s so much of it that it becomes affordable
- deepakhj 5y agoYou're right if supply was corrected all over the region, prices would drop and it would be more affordable.
- pas 5y agothere's an argument that prices are higher than they would be because of the spillover from the East coast (https://fullstackeconomics.com/the-2000s-housing-bubble-was-greatly-exaggerated/ https://fullstackeconomics.com/the-2000s-housing-bubble-was-...)
- deleted 5y ago[deleted]
- llampx 5y agoThis is what happened in big cities in India. There was so much demand and apparently few regulations, so builders just kept building huge apartment complexes which sold for millions of $. Then at some point the demand was satiated and prices didn't increase in the last decade or so as much as they have in Europe and NA + Aus/NZ.