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You also decrease demand by making mortgages less easy to get. Again, look what cheap and easy loans did to the cost of higher edu. The market was manipulated
by chiefalchemist 3y ago
You also decrease demand by making mortgages less easy to get. Again, look what cheap and easy loans did to the cost of higher edu.
The market was manipulated and it responded in kind. The current system is leading to sociopolitical situations that are also undesirable. And yet our only answer is, "Thank you sirs and madames, can we have another?" That's not sustainable.
p.s. Prices can also be lowered by building smaller homes. The problem there is, the larger the home the more furnishings, etc. Larger homes help increase consumption which is good for the status quo.
- quickthrower2 3y agoThat doesn't decrease human demand. It will change the price point though. It might make it cheaper and encourage less debt, which is a good thing. But if there is a town with 4 houses and 5 families, then the price of a house could be $100 or $1bn, but there are still 4 houses, and 5 families. Building smaller homes is good. If you make the small, and put them close together, and sometimes on top of each other you can increase the chance of having a walkable city rather than a drive-only one.