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>Maybe what we need is a property price crash. What is needed is a steady decrease in demand or an increase in supply. The cost of living crisis is directly c
by constantcrying 2y ago
>Maybe what we need is a property price crash.
What is needed is a steady decrease in demand or an increase in supply.
The cost of living crisis is directly caused by the huge bureaucracy needed to build new housing. And speculators are benefiting from that. As long as governments are unwilling to let go of regulations housing costs will only increase.
- brewdad 2y agoThere is no appetite for increasing supply anywhere in the West. Maybe Trump will get us into WWIII and we can shift the demand curve.
- constantcrying 2y ago>There is no appetite for increasing supply anywhere in the West. Every single person who currently is looking to rent or buy a house has appetite for increasing market supply.
- vkou 2y agoNone of those people have enough political power.
- constantcrying 2y agoIn Germany it is somewhere around 55% of the population.
- vkou 2y agoIn the US, it's a lot less than that.
- jonp888 2y agoIn Germany lifelong renting is seen as a normal and acceptable thing to do, not a temporary stepping stone which will hinder you from achieving your life goals.
- constantcrying 2y agoNo it is not. A house is just totally impossible to finance with the average salary of two people, especially if you have children or a car.