Solving the housing crisis requires fighting monopolies in construction (2020)

Re:Solving the housing crisis requires fighting monopolies i... by mslate on Saturday June 04, 2022 @06:32PM (#31625748)

This is not a constructive or informed comment.

Interest rate policy is not singularly to blame for the housing crisis, just as it wasn't in 2008.

The issue in 2008 was lack of internal enforcement at banks or by federal regulators of interest rate products.

In the case facing us today it is less to do with Fed policy, more to do with land use policies that have made housing construction literally illegal.

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Re:Solving the housing crisis requires fighting monopolies i... by riku_iki on Saturday June 04, 2022 @10:59PM (#31627593)

> it is less to do with Fed policy

How did you quantify "less"? Low Fed rate made mortgage body 60-70% cheaper, hence prices are higher.

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Re:Solving the housing crisis requires fighting monopolies i... by Panzer04 on Sunday June 05, 2022 @08:12AM (#31630276)

In a competitive market, prices are determined by the lowest seller, not the highest buyer.

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Re:Solving the housing crisis requires fighting monopolies i... by riku_iki on Monday June 06, 2022 @03:28PM (#31644879)

prices are obviously determined by balance between supply and demand. Seller is obviously interest to rise his prices if there are many buyers competing for his bid.

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