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If we don't expand the housing supply dramatically, additional subsidies to home buyers will lead to even more inflated housing prices, and transferring even mo
by fleventynine 4y ago
If we don't expand the housing supply dramatically, additional subsidies to home buyers will lead to even more inflated housing prices, and transferring even more money from the working class (who pay taxes and want to buy houses) to old rich people (who own most of the desirable property).
If we were to expand the housing supply by 20% over the next 5 years I would expect to see house prices and rent crash to a more sustainable level.
- lotsoweiners 4y agoThe problem would be building 20%. That is a lot of housing. I’m not sure that even 5% would be possible with low interest rates. With interest rates where they are now, builders are going to be very conservative.
- swearwolf 4y agoMaybe it’s time to admit that more entities besides private ones need to be building and supplying housing then? Maybe some things just aren’t well suited for market driven development.
- BillyTheMage 4y agoThere are far more empty houses in the US than there are homeless people. We do not need more houses, we need to stop allowing parasites to hold houses hostage for personal profit.
- fleventynine 4y agoThere are almost no empty homes anywhere near good jobs. Demand far outstrips supply, and putting all the greedy landlords in prison won't fix the imbalance.
- BillyTheMage 4y agoI never said we should put them in prison