I’ve said the same thing. More housing will just be bought by more speculators. I also think a massive tax on owning more than 5 properties would be helpful as well. Put the revenue from that into affordable housing subsidies.
If you build enough housing it gets back into being economically competitive for the average person to own their home. Speculators can speculate until it doesn’t make sense any more.
We got into the current situation because we slowed way down on building homes.
I’ve said the same thing. More housing will just be bought by more speculators. I also think a massive tax on owning more than 5 properties would be helpful as well. Put the revenue from that into affordable housing subsidies.
If you build enough housing it gets back into being economically competitive for the average person to own their home. Speculators can speculate until it doesn’t make sense any more.
We got into the current situation because we slowed way down on building homes.