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I'll agree there needs to be a massive supply boost in the form of entry level housing (only for 1st time owners, get rid of corp land grabs). That's what Sing
by irjustin 3y ago
I'll agree there needs to be a massive supply boost in the form of entry level housing (only for 1st time owners, get rid of corp land grabs).
That's what Singapore does quite well (I currently live here). The HDB system isn't a free market - new supply is only allowed for the first time home buyer, priced cheaply and you're not allowed to sell for 5 yrs. Covid had very big problems on supply but SG gov has kept it's promise in creating a lot of new housing in the past 2 yrs.
It has a lot of levers to control a housing bubble for its citizens and thusly a big portion of inflation.
- nojvek 3y agoI agree with this move. Tax those who hold single family homes for renting to others and the problems will fix itself. Housing is seen as an investment. If a big portion of rent starts going into taxes, then it doesn’t become a speculative instrument. Have apartment complexes managed by corps with central management. Don’t make single family homes and townhomes a tool of speculative investment. US economy would grow a lot faster if the money sitting on houses went into companies producing goods and services.