Re:How did we create a society where we can’t afford to live...
by raverbashing on Wednesday October 25, 2017 @08:20AM
(#15549417)
Concentration of wealth is insufficient to explain it:
- there is no lack of cheap housing, however it's outside of main cities
- Concentration of wealth was worse in many moments in history, but that didn't imply in unaffordable real estate (at today's levels)
- Most government regulation works to restrict the supply of housing rather than expand it, even the ones that "theoretically" help with affordability (like rent controls - which I'm not against in some cases).
- there is no lack of cheap housing, however it's outside of main cities
- Concentration of wealth was worse in many moments in history, but that didn't imply in unaffordable real estate (at today's levels)
- Most government regulation works to restrict the supply of housing rather than expand it, even the ones that "theoretically" help with affordability (like rent controls - which I'm not against in some cases).