I really don’t see how building more houses/units is not the solution, at least in some cases. I live in a VHCOL area and we straight up have a housing shortage for a variety of reasons.
Who needs a Bitcoin to live? Nobody. But the price of a Bitcoin is still 90,000 dollars. People aren’t living in their bitcoins, they want Bitcoins because other people want them. That’s why they’re expensive.
A house is like a Bitcoin that you need to live. Rich people are hoarding houses because other rich people want them, the same as Bitcoins. The problem is everyone needs a house. So we need to ban rich people from hoarding them somehow. Then the price will go down.
I really don’t see how building more houses/units is not the solution, at least in some cases. I live in a VHCOL area and we straight up have a housing shortage for a variety of reasons.
Who needs a Bitcoin to live? Nobody. But the price of a Bitcoin is still 90,000 dollars. People aren’t living in their bitcoins, they want Bitcoins because other people want them. That’s why they’re expensive.
A house is like a Bitcoin that you need to live. Rich people are hoarding houses because other rich people want them, the same as Bitcoins. The problem is everyone needs a house. So we need to ban rich people from hoarding them somehow. Then the price will go down.