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> The only fix for high housing costs is to build more housing That won't fix anything. People with capital compete with people who have housing needs for the
by scotty79 3y ago
> The only fix for high housing costs is to build more housing
That won't fix anything. People with capital compete with people who have housing needs for the available houses. Increasing number of houses doesn't change this dynamics.
The people in need of housing will get priced out of available houses eventually.
What should be done is taxing housing heavily and progressively so that houses become a shitty asset that costs you more the more you have of it.
People with capital will drop it like hot potato and finally people who just want to live will be able to afford it again.