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But as the time goes, renters would just turn into home owners, who also wouldn’t vote against their self-interest, no? You would have relatively the same perce
by kredd 3y ago
But as the time goes, renters would just turn into home owners, who also wouldn’t vote against their self-interest, no? You would have relatively the same percentage of people who rent, unless something dramatic happens population-pyramid wise. I get that it’s important to build a lot of housing, which would help the prices to at least hold steady, but it still wouldn’t cause any reduction in prices (again, unless something like COVID but more lasting happens). The demand side of the equation is making it very hard for people to overcome the barrier of entry.
I’m actually curious what will happen in like 15 years in countries where population decrease will be visible. To my understanding, even Tokyo/Osaka are still growing due to people moving in from the countryside. At some point the demand will be collapsing, and curious how the governments in Japan/SK/China will respond.