3 ms·
>Housing / land valuation is wildly off from the needs of the people. For more than literally my entire life there has been a chronic shortage of housing If th
by hammock 3y ago
>Housing / land valuation is wildly off from the needs of the people. For more than literally my entire life there has been a chronic shortage of housing
If there is a housing shortage then the unaffordability is reflective of proper valuation.
If people need more housing than they are getting, a free market would indicate valuations to go higher. I would suspect that you’d like to see housing revalued lower, though
- cheriot 3y ago> a free market Housing supply is not a free market. At least in the US, there's a committee reviewing each parcel deciding how many sqft of interior space, how many kitchens, how tall, and what uses.
- smcg 3y agoExactly. Multifamily housing is banned in most parts of the US (by area).
- Moldoteck 3y ago1 - market is not free, 2 - some regions have zones, prohibiting building medium to high density buildings, 3 - building materials got more expensive, 4- labor too