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Presumably because the housing crisis is here today, not 30 years from now. > It's very difficult to solve affordability today but much easier to solve it in t
by kibwen 4y ago
Presumably because the housing crisis is here today, not 30 years from now.
> It's very difficult to solve affordability today but much easier to solve it in the future.
I'm not sure what the reasoning behind this is. I see no reason that affordable housing should magically solve itself. The only possible explanation that comes to mind is if you think population will collapse, but the population of the US is projected to continue growing apace for the next 40 years: https://www.census.gov/data-tools/demo/idb/#/country?COUNTRY_YR_ANIM=2021&COUNTRY_YEAR=2023&FIPS_SINGLE=US https://www.census.gov/data-tools/demo/idb/#/country?COUNTRY...
- MagicMoonlight 4y agoIf expensive housing keeps selling then somebody must be living there… therefore it is solving the problem
- kibwen 4y agoIt's entirely common for luxury properties to be seen as investments. Having people actually live there would reduce their value as investments. See any of the new luxury skyscrapers in Manhattan, whose units are mostly vacant despite being sold. More luxury housing doesn't solve a damn thing.
- km3r 4y agoSo add a vacancy tax (like SF and Oakland have). Even though our vacancy rate shows this is not a problem currently.