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  • Maybe there is no housing crisis?

    causes being more financial than simplistic measures of people-to-dwellings.

    Mmm. Stop printing money.

  • Ha, that's definitely not what I'm saying. There absolutely is a crisis of affordability and an obvious shortage in major cities. The heavy focus on market supply, though, means many are currently overlooking other factors that have a greater effect on affordability.

    The best YIMBY studies I've looked at tend to celebrate reductions in price from new supply of between 1–3%. That's positive, but even using their numbers we couldn't physically build enough to reduce prices back to 1990s levels. When looking at the historical average of 7% increases per year for 30 years, or roughly 800% since the 90s, 3% isn't going to touch the sides.

    Building needs to happen, it just won't fix affordability.

  • Didn't spot your edit…

    Mmm. Stop printing money.

    We'll need new money for new stuff, like new buildings. And mortgages are good, actually.
    Putting some sensible regulations on the banking system though? yeah, definitely.

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