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> It’s pretty clear that treating housing as an investment and not as a fundamental right has led us No, it's pretty clear that insufficient supply in certain
by qwytw 3y ago
> It’s pretty clear that treating housing as an investment and not as a fundamental right has led us
No, it's pretty clear that insufficient supply in certain areas has led us here. Treating housing as an investment is just a symptom (it's really unavoidable if the good is scarce).
- amanaplanacanal 3y agoUnfortunately treating housing as an investment means that we are incentivized to limit the supply. These are two sides of the same coin.
- chung8123 3y agoIf people are building enough supply around your land, your land will eventually not grow as fast or even go down in value. If all the demand is met by the apartments around your land why would anyone want to develop the land when there isn't return. If their isn't any potential for return why would someone else want to buy the land?