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Home prices do have a demand side component to pricing…but making it easier to add supply at lower cost is by far the best way to address housing issues. Most
by mchusma 1y ago
Home prices do have a demand side component to pricing…but making it easier to add supply at lower cost is by far the best way to address housing issues.
Most importantly: as a society we can either encourage homeownership as a good investment (appreciating faster than inflation) or have more affordable housing (prices decreasing or increasing less than inflation). There is no way to have both at a large scale. I believe affordability is a better goal, there are many other ways to store wealth.