3 ms·
>I don't think these drive up prices higher. It's a demand-side policy to what is a supply-side problem. If the demand is already there, and you induce more de
by nemothekid 5y ago
>I don't think these drive up prices higher.
It's a demand-side policy to what is a supply-side problem. If the demand is already there, and you induce more demand by providing subsidies, prices will go up. If you want to reduce prices you must either increase supply (building housing) or decrease demand (remove someone, hopefully speculators, from the market).
However, given housing has become a defacto investment asset for Americans and Canadians, I don't see this issue ever being resolved without a political revolution or an economic depression.
- actuator 5y ago> housing has become a defacto investment asset for Americans and Canadians Is there a major economy where this is not true? In fact it becomes comical in some developing countries. Cities in India have NY/London like prices for much worse infrastructure and much lower purchasing power.
- nemothekid 5y agoJapan, Germany, arguably, Britain. I'm not saying these places don't have exorbitant housing costs, but housing is not the primary way of securing your retirement.