4 ms·
Yeah, this is the central thing that a lot of people don't seem to understand. Housing can either be a good investment that outpaces inflation, or affordable i
by cehrlich 5y ago
Yeah, this is the central thing that a lot of people don't seem to understand.
Housing can either be a good investment that outpaces inflation, or affordable in the long run. Having both is not possible.
Setting aside some amount of housing units to remain affordable is not a good long term solution - we have it here, and it's basically ended up as a lottery with a side dish of corruption.
In order to really fix this, a lot of property investors will need to lost a lot of money on their investments. Problem is they tend to also be political donors, so not many politicians seem interested in doing this.