Allowing the foreigner from a country with no reciprocal permission for us to build in their country works against this though. They're sucking capital out of their country which in the example used of Russia/China would build several more housing units and instead building fewer units in the US. Couple this with lack of reciprocity and what you did was a relative loss in housing potential.
We need to be forcing reciprocity to make sure we're actually maximizing available housing.
>I would simply avoid having a housing crisis by allowing people to build more housing. Seems pretty win-win to me.
The housing crisis is primarily driven by wealth inequality and poor financial decisions by the US government. Not building is a secondary problem.
I'm all for building more and denser housing, but if all the units are snatched by banks and wealthy investors, its not going to make the country more affordable.
notch898a|3 years ago
We need to be forcing reciprocity to make sure we're actually maximizing available housing.
cmh89|3 years ago
The housing crisis is primarily driven by wealth inequality and poor financial decisions by the US government. Not building is a secondary problem.
I'm all for building more and denser housing, but if all the units are snatched by banks and wealthy investors, its not going to make the country more affordable.