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It's the lack of supply that is the reason why having a mortgage market is a bad idea. You HAVE to live somewhere. This means any cash you can get your hands o
by lordnacho 2y ago
It's the lack of supply that is the reason why having a mortgage market is a bad idea.
You HAVE to live somewhere. This means any cash you can get your hands on, such as a mortgage, it's going to be used to compete with all the other people who need to live somewhere.
The problem can be solved in two ways. Either you make it really hard to get a mortgage, or you make enough houses that people are not competing over musical chairs.
- mjevans 2y agoThe only solution is build build build. Preferably with good building (more modern, flame resistant with that in mind) and zoning codes (more like Japan's quality of life impact based ones).
- jacobr1 2y agothis: "you make enough houses that people are not competing over musical chairs." we just haven't built enough, in the areas with current demand.