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This is a major cause of inflation but it's mostly a local zoning issue, not a monetary policy issue. These countries straight up refuse to build supply enough
by arcticbull 4y ago
This is a major cause of inflation but it's mostly a local zoning issue, not a monetary policy issue. These countries straight up refuse to build supply enough to meet demand.
(1) many folks have convinced themselves housing can be both a good investment and affordable when these are antithetical goals and...
(2) they've also convinced themselves that this is the one market in the history of time where supply and demand magically don't exist, and that increasing supply simply won't reduce prices for some reason.