3 ms·
Probably gonna get downvoted for this. Housing is very supply constrained. High mortgage rates are holding prices somewhat steady. We definitely need more sup
by nojvek 3y ago
Probably gonna get downvoted for this.
Housing is very supply constrained. High mortgage rates are holding prices somewhat steady.
We definitely need more supply and while keeping current demand.
What this means:
- build more high density homes in city.
- make permitting faster but still keep it rigorous. Don’t listen to NIMBYs.
For demand:
- have less kids. I worry about how shit the next generation will have it.
- save more. Live frugal, borrowing is expensive. Don’t compare yourself to the gal with a new $50k car.
- Move to a lower cost city if you can.
- the govt should probably put brakes on all immigration other than high skilled workers. Includes reducing H1B quotas.
The reality is that desirable most metros around the planet have far higher demand than supply.
We’re amplifying the bourgeoise land owner class and proletariat worker/renter class dynamics.