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> There are solutions that don't require outright lowering real estate prices. There really aren't. The upward pressure caused by the need to keep property va
by chimeracoder 3y ago
> There are solutions that don't require outright lowering real estate prices.
There really aren't.
The upward pressure caused by the need to keep property values increasing will always, in the long run, outweigh any other policy that you can use to attempt to reign in cost-of-living. You can play tricks to delay the effects or slow them down, but adding drag resistance doesn't stop a falling leaf from trending downwards.
Mathematically, you cannot lower cost-of-living while also insisting that the price of the single largest living cost (housing) keep increasing.
The only alternative is to lower the price of housing, but you can't do that without lowering real estate values for existing landed property owners, so they fight that tooth and nail, in nearly every locality across the board.