4 ms·
Sure, we should just construct 'poor towns' for those priced out of cities by financial speculation.
by jacknews 3y ago
Sure, we should just construct 'poor towns' for those priced out of cities by financial speculation.
- lmm 3y agoFinancial speculation is an easy scapegoat but has very little to do with it. The fundamentals of supply and demand matter more. (Though, if you hate property speculators, the best way to burn them would be to suddenly legalize massive amounts of homebuilding. It's win-win). I have a lot of sympathy for those priced out of the cities - that's exactly why I think there should be more homebuilding and better prioritisation of the limited supply, rather than those who were fortunate enough to be born earlier getting to hold onto subsidised housing units forever at everyone else's expense.