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I think it’s both. Housing policy can help or hurt but overall many places in the world have stuggled to keep housing prices affordable.
by janalsncm 3y ago
I think it’s both. Housing policy can help or hurt but overall many places in the world have stuggled to keep housing prices affordable.
- smallmancontrov 3y ago> stuggled to keep housing prices affordable. The political system does not strive for affordability, it strives to make housing a good investment. Unaffordability is just the inevitable consequence.
- astrange 3y agoExpensive housing is almost entirely an Anglo nation problem. If you don't restrict infill development you won't have this issue.
- janalsncm 3y agoHousing is extremely expensive in China as well. It’s one of the main barriers to Chinese yuppies having the three kids their government wants them to.
- astrange 3y agoIsn't China having a real estate overproduction crisis right now? There can be different problems in different places, I mean, it's a big country, but that's mostly the opposite problem. The hukou system also can't help - you can stop immigration to an expensive city but presumably you also stop emigration to a cheaper one.
- janalsncm 3y agoChina has overproduction in undesirable places. Desirable places are still expensive.