3 ms·
No, the problem isn't capitalism, since many other countries that are capitalist don't have the same problem with housing prices (e.g. Japan). The problem is t
by refurb 3y ago
No, the problem isn't capitalism, since many other countries that are capitalist don't have the same problem with housing prices (e.g. Japan).
The problem is the government interfering with the housing market by giving handouts under the guise of affordability, which just pushes prices even higher. Combine that with restrictions around building new houses, and nobody should be shocked we're in the situation we are.
No need to come up with a complex scheme for public housing. Vienna's system is already a big shitshow with a ton of people unable to access public housing.
Far better for the government to just get out of the way, and build enough supply that we don't see such a massive increase in prices.