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The answer is to build more housing, it is simple supply and demand
by frankbreetz 4y ago
The answer is to build more housing, it is simple supply and demand
- endisneigh 4y agoHousing is not free to build, though. I agree in general that more housing should be built, but it's not some sort of silver bullet.
- JonathanMerklin 4y agoIt's usually seen as immoral to bring up in this context, but if you can't increase the denominator, you can try to decrease the numerator.
- robertlagrant 4y agoIt's fairly cheap to build if you're allowed to build, though. The issue is all the paperwork.
- jm__87 4y agoOr just continue raising interest rates. At least where I live, the majority of the excess demand during the pandemic came from investors. It was easy to leverage up and buy more houses using home equity loans while interest rates were low and home prices were appreciating rapidly. Higher interest rates should in theory pop all of these asset bubbles we're seeing.