Comment by 🐐 satch

Re: "Seriously, start building more houses."

In: s/US-politics

That's part of why we have a homeless population: if there was housing afforable enough for really poor people then more people might choose to live modestly and spend less on housing, which would bring down the prices of housing across the board and banks can't have that. I might be getting the details wrong but that's my general understanding of the situation.

The mechanism by which banks keep housing prices artificially inflated is by letting people take out large loans. If the bank gives everyone big loans, then they can all bid higher on the house and are all incentivized to do so to get the best house possible.

🐐 satch

Feb 06 · 4 months ago

5 Later Comments ↓

👤 nikhotmsk [OP] · Feb 06 at 20:36:

Sounds like a fraud.

🐐 Steve_Dracula · Feb 07 at 03:10:

Most things are.

👤 jdcard · Feb 07 at 13:58:

Show me the data! We have claims about "not enough" or "lots of" but no numbers to work with.

🐐 satch · Feb 07 at 14:17:

@jcard I’m just sharing ideas, not trying to prove anything. Other people have done that who are better qualified. This type of data is not so hard to find online these days!

👤 nikhotmsk [OP] · Feb 09 at 13:11:

@jdcard I cant tell the exact numbers. The price compared to average income is probably a good indirect measure. Also, if the price changes over time more then 200 percent, it shows something wrong.

— Price change to population change chart

There is a fix, building more affordable houses, abolish regulations, look how other places have the same issue fixed. It is important because it directly affects quality of life.

Original Post

🌒 s/US-politics

Seriously, start building more houses.

💬 nikhotmsk · 12 comments · Feb 05 · 4 months ago