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A comment on Why a global recession is inevitable in 2023. Parent comment

Re:Why a global recession is inevitable in 2023 by imtringued on Sunday January 01, 2023 @06:35PM (#34212368)
The problem is people don't use the cheap money to build more. They are being showered with it and then laws prevent building housing. It looks like a money problem because money moves faster than real estate but this isn't a 2022 problem, it is a problem that has been creeping up since the 70s.
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Re:Why a global recession is inevitable in 2023 by llampx on Wednesday January 04, 2023 @04:28AM (#34243697)
Exactly. Look in the recent Canada thread for an exhaustive discussion about this. https://news.ycombinator.com/item?id=34216118

Summary: Governments and local landowners/homeowners benefit from increasing prices, so they prevent homes from being built or for density to be increased in areas with existing homes and services. This causes supply not to be able to meet demand, which causes rising prices.

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