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Interestingly it's easier in most markets for people to buy more of a scarce supply of houses at any price than it is for the same person to occupy parking spac
by brailsafe 3y ago
Interestingly it's easier in most markets for people to buy more of a scarce supply of houses at any price than it is for the same person to occupy parking spaces. I know you're being a bit facetious, but housing is a fundamentally more complex component of the economy, as well as being the easiest plaything of people with money; the only way housing wouldn't be so expensive is if most places never put constraints in place in terms of building, while putting serious constraints on buying. Much like trying to out-exercise a diet of cookies and fudge won't work, out-building an endless source of capital that wants to bank on renters having no choice is a losing game. We need a lack of dampers on one side, and huge dampers on the other.