Re:Ever-increasing home values are a Ponzi scheme
by nicoburns on Monday June 21, 2021 @06:44PM
(#27585515)
The way to make them affordable rather than profitable would be to build many more than are currently being built. As long as the quality is decent, you then drive the prices down through a simple increase in supply.
You probably still need some tweaks to disincentivise use of property as a financial vehicle, but you're 70% there just by building more.
You probably still need some tweaks to disincentivise use of property as a financial vehicle, but you're 70% there just by building more.