4 ms·
I think we have it backwards. The biggest expense for most people is housing: rents are high, buying is shockingly expensive compared to the 1980s-1990s. Raisi
by coffeefirst 4y ago
I think we have it backwards.
The biggest expense for most people is housing: rents are high, buying is shockingly expensive compared to the 1980s-1990s. Raising wages, which should happen, will only drive those prices even higher unless you drastically increase the supply.
Building a massive amount of practical starter homes around every major city would go a very long way.
- yellowapple 4y agoYou also need to address (with e.g. a land value tax) landlords' tendency to raise rents and capture wage increases that way.
- imtringued 4y agoDon't forget to pay some of it out as a citizen's dividend so that everyone gets a fair slice of the earth.
- hackerfromthefu 4y agoYou also need to address feature inflation. Governments in Australia at least keep adding 'standards' that in aggregate really increased the real cost of providing that home.