2 ms·

I'm not suggesting to stop building, I'm asking what is the solution to housing unaffordablity?

• lotsofpulp 3y ago
  If the goal is to reduce prices, then the solution is some combination of increasing supply and reducing demand. Increasing supply of housing in London, or increasing supply of cities with qualities similar to London so that demand for London decreases. Or reducing the number of people eligible to live in London. Increasing prices for labor at the bottom is also an option. Again, reduce supply of labor by offering free education to obtain higher paid work, etc. Note that there will always be a tier of society who are at the edge of affordable for any desirable area. Not that efforts should not be continuously be made, but as some people are helped, others will arrive to compete (due to the desirability).