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It's not a theoretical question, but a practical question of relative magnitudes. Can we actually supply enough housing to stabilize prices? And let's say we di
by nerdponx 4y ago
It's not a theoretical question, but a practical question of relative magnitudes. Can we actually supply enough housing to stabilize prices? And let's say we did, perhaps a great cost, but then what happens in the next big demographic shift? And what of the environmental impact in the process?
The "direct" solution is not always the best. This line of thinking always reminds me of the approach to medicine where they'd rather cut out your gallbladder than put you on an elimination diet and send you to an acupuncturist.
- sokoloff 4y agoGiven that there are many areas of the US where there is enough housing for houses to be affordable by the barely or not-quite middle class, it seems like that is possible. Detroit, Pittsburgh, Buffalo, Memphis, Oklahoma City, Kansas City, Richmond, New Orleans, Cincinnati, Columbus, Cleveland, Philly and lots of the surrounding suburban and rural areas.
- danielmarkbruce 4y agoThose statistics above aren't theoretical, it's empirical data, and prices went down 30%.