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I feel like we talk about demand a lot - Just in the form of first time home owner subsidies or etc. Subsidizing demand of course doesn't help the situation but
by nemomarx 1y ago
I feel like we talk about demand a lot - Just in the form of first time home owner subsidies or etc. Subsidizing demand of course doesn't help the situation but I'm not sure how you sell reducing demand to the public exactly
- conception 1y agoRestricting foreign and corporate residential purchases, tax increases for multiple home ownership are a couple of ways to lower demand as well.
- nemomarx 1y agoYeah, but I think those are going to be small effects. You'd want to try and encourage people to move to smaller cities to really move the needle I think, but obviously the larger cities aren't interested in that. And the jobs have to move with in some fashion for it to work and everyone likes having access to larger pools for labor too
- amanaplanacanal 1y agoI assume most people owning multiple residences are renting out the extras. What you are describing would make more houses available to buy at the expense of having fewer to rent. This wouldn't be a net gain of available housing.
- 9rx 1y ago> I'm not sure how you sell reducing demand to the public exactly Especially when the current political pressure is to increase demand. The populace are complaining that, because of high prices, they can't afford to be a part of the demand.