this post was submitted on 20 Sep 2023
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Building homes won't fix anything. The way we build cities for the past 70years is the problem..
We allow landlords to still exist
What are you talking about?
He means that the issue is housing is viewed as an investment
I don't think any one thing is gonna be a magic fix. We gotta do all the things rather than focus on just one aspect.
The most important one is density and active transportation of people. We are building cities in a way that Absolut requires enormous expense. For example, a house need a driveway, a big street, 4 walls to heat, 1 or sometimes 2 cars, a lot of piping to go everywhere, a lot of wires to go everywhere. That's why everything cost so much. We are not efficient with our lands. A big wide street and enormous highways is a financial drain on everyone. We need to pay for this at some point or another.
If we were a bit more conservative with the way we build cities, everything would be more affordable today.
Or just wait. The housing market has quite clearly crashed already, peaking in 2022 and dead cat bouncing over the past few months. It took around three years for the US housing market to go from crash to finding the bottom during their last event. It is likely we will see something similar play out here.
Of course the politicians know that which is why they are just now all of sudden, after decades of ignoring the issue and trying to pass the buck to other levels of government, ready to swoop in as the saviour. "Look what I did!" they will proclaim, even though it will have nothing to do with them.