3 ms·
A "housing shortage in desirable metros" is moving the goal posts. The claim was that unaffordable housing can only be attributed to a shortage and has nothing
by tchaffee 4y ago
A "housing shortage in desirable metros" is moving the goal posts. The claim was that unaffordable housing can only be attributed to a shortage and has nothing to do with massively increased wealth gaps nor the shrinking middle class.
"Most countries aren't America" is just an excuse. Most European countries aren't Germany. So by that reasoning most European countries can't afford education or healthcare.
Here's what really makes the US different: most countries don't have America's massive wealth gaps. That's the real cause.
- Manuel_D 4y agoMost European countries do share similar demographic trends relative to the US as Germany. In fact Germany's enrollment rates are above average. Again, wealth gaps don't affect the prices of goods. The cost of cars, cell phones, and plenty of other things are largely the same between the US and other developed countries. Housing in the US is plenty cheap outside desirable metros. And Europe similarly has expensive housing in desirable metros. Housing is expensive in Stockholm, the better parts of London, etc.
- tchaffee 4y agoI just explained how wealth gaps lead to hedge funds buying up huge amounts of properties and how collusion lead to skyrocketing rents. I even gave a source. Debunk that source instead of continuing to insist you're right. Here's another source supporting my claim. https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801 https://www.wsj.com/articles/if-you-sell-a-house-these-days-...