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Why is the solution to have a housing crash that evicts people from their homes? Housing is the most simple supply/demand issue imaginable. Remove red tape, sto

Why is the solution to have a housing crash that evicts people from their homes? Housing is the most simple supply/demand issue imaginable. Remove red tape, stop with the restrictive zoning and build more housing. The issue is we've told generations of people to buy a house quickly so they can profit off of restrictive zoning because the price of their homes will go up. This cycle has create in immovable NIMBY class. The solution isn't crashing the American economy.

vinyl7 4y ago
I want a crash as revenge against the over leveraged investors and corporations who drove up prices like mad over these past two years. They shouldnt be allowed to run a big ponzi scheme and get away with it
FollowingTheDao 4y ago
> Housing is the most simple supply/demand issue imaginable. It is not as simple as supply and demand. There is a huge profit motive as all that controls supply and the type of supply. It is one thing to build studio apartments but do we need "luxury" studio apartments for a 50% premium? https://www.google.com/search?client=safari&rls=en&q=luxury+studio+apartments&ie=UTF-8&oe=UTF-8 https://www.google.com/search?client=safari&rls=en&q=luxury+... Since housing is a need people will pay what they have to. So the supply and demand chart is skewed. Also, that demand also includes people who demand two houses. And an artificially low supply, well who does that benefit? If there was enough supply built housing prices would crash. How do you think people who view their houses as an investment feel about that? people do not need to be evicted when the economy crashes. That as a choice in 2008 that Bush and Obama made. They bailed out the banks instead of the people. But the solution is deeper than that as well. There is no way out, and people with more money then you will have it all and you will have nothing, that is how this all works.

vinyl7 4y ago

I want a crash as revenge against the over leveraged investors and corporations who drove up prices like mad over these past two years. They shouldnt be allowed to run a big ponzi scheme and get away with it

FollowingTheDao 4y ago

> Housing is the most simple supply/demand issue imaginable. It is not as simple as supply and demand. There is a huge profit motive as all that controls supply and the type of supply. It is one thing to build studio apartments but do we need "luxury" studio apartments for a 50% premium? https://www.google.com/search?client=safari&rls=en&q=luxury+studio+apartments&ie=UTF-8&oe=UTF-8 https://www.google.com/search?client=safari&rls=en&q=luxury+... Since housing is a need people will pay what they have to. So the supply and demand chart is skewed. Also, that demand also includes people who demand two houses. And an artificially low supply, well who does that benefit? If there was enough supply built housing prices would crash. How do you think people who view their houses as an investment feel about that? people do not need to be evicted when the economy crashes. That as a choice in 2008 that Bush and Obama made. They bailed out the banks instead of the people. But the solution is deeper than that as well. There is no way out, and people with more money then you will have it all and you will have nothing, that is how this all works.