This is just the surface of the issue, housing market problem is far deeper, and even home “owners” aren’t actually owning with their perpetual property taxes,

This is just the surface of the issue, housing market problem is far deeper, and even home “owners” aren’t actually owning with their perpetual property taxes, which is unlike rent, uncontrolled. To solve housing for everyone, the solution is simple, it’s not building new units, that’s temporary, it’s not more regulations on whatever, that doesn’t solve the root cause, you need to solve that root cause and that is houses are considered an investment, not a shelter, and investments are always expected to go up, obviously it will reach a point that having a few walls of plywood is like owning a merchandise, it doesn’t take a genius to find this. So the steps to solve the toot cause as follows: - making housing as a depreciated asset, like a car, TV, whatever, it’s NOT an investment. Go invest and start a business that actually contributes to the economy instead of leeching on other’s wealth. - ban interest rates on mortgages, so banks aren’t incentivized to pour fake numbers into accounts and deducting fake numbers from other accounts as debt all while enjoying the sweet real money from interest. Once that is ban, they won’t give loans based on speculated prices, ending the daisy chain of using another house to get a bigger loan to buy a bigger house based on fake speculated market value. - relax the permits and regulations on owning and building houses, which is a big topic on its own. Among many other points that goes after the root cause, not some duct tape solution, housing is a shelter not an investment, look up any human needs diagram and you will find shelter is at the bottom of it, you can’t be creative or do great things when you are not settling in a house, you can’t think about making a business and contribute to economy if you are paying most of your income to landlord who take that to pay a mortgage so the bank can take the interest. Things now seem calm but most the new generation don’t own a house or ever thinking of owning a one, these soon will be the majority of voting and decision making, and it will be a brutal reaction on boomers and the overall selfish system that do anything to make their lives more miserable.