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A comment on Redfin Is Leaving NAR. Parent comment

Re:Redfin Is Leaving NAR by satvikpendem on Tuesday October 03, 2023 @12:06AM (#37747839)
Singapore has a good model that allows most of its citizenry to own homes. Basically, it competes with home builders directly. If they don't want to build, the government will do so.

https://youtu.be/3dBaEo4QplQ?si=r_3FWkZJLBvWAxJ_

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Re:Redfin Is Leaving NAR by mixmastamyk on Tuesday October 03, 2023 @01:21AM (#37748245)
Oh, folks want to build, that’s for sure. They’ve been prevented, and sometimes still are.
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Re:Redfin Is Leaving NAR by satvikpendem on Tuesday October 03, 2023 @01:25AM (#37748257)
In Singapore, the state has vast eminent domain powers and is exempt from all zoning laws, which is covered in the video. I'm not sure that would ever fly in the US.
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Re:Redfin Is Leaving NAR by mixmastamyk on Tuesday October 03, 2023 @02:39AM (#37748612)
Yes, would have to fall on the state, as in US State, not the domain of the Feds.

Being a nationwide problem, they probably wouldn't be able to solve the problem. Because solving the problem means everyone moves to your state.

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Re:Redfin Is Leaving NAR by refurb on Tuesday October 03, 2023 @08:52AM (#37751180)
The Singapore government won’t build in advance so demand is far higher than supply so there is a lottery. Oh and you have to married. Singles wait until 35 and can only buy a 1 bed.

If you don’t win the lottery you can always buy resale which is close to $1M for a 2 bedroom place.

Oh and it’s a 99 year lease. After 99 years you give it back to the government and get $0.

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