3 ms·
Why would equitable wealth distribution make housing expensive?
by nojvek 3y ago
Why would equitable wealth distribution make housing expensive?
- BigRedDog1669 3y agoMy guess is that they meant: If you give a lot of people that previously couldn't afford a house more money it will increase the demand and prices. The issue is that there is a shortage of housing which is primarily due to zoning preventing the construction of houses in a lot of areas.
- nojvek 3y agoAh this implies definition of wealth is purely $ value, not what their inflation-adjusted “afford to buy material goods and services” value.
- zzzzzzzza 3y agofor any given dollar a middle class/poor household would be more likely to spend it on housing or additional square footage than a richer household