Just got into a somewhat amusing argument over this article. Folks are convinced that this is wrong and that the only thing leading to higher costs is lack of building.
Housing issues and the second order effects from it is the most important issue in most developed economiss in my view.
The focus on just building as the solution is so limited. Redistribution of economic and cultural activity away from concentrated locations and a rethink of the credit environment around housing has to be a focal part of housing conversation. You can either have affordable housing or housing as an investment vehicle (store of wealth) but you can't have both.
taeric|10 days ago
cal_dent|24 days ago
The focus on just building as the solution is so limited. Redistribution of economic and cultural activity away from concentrated locations and a rethink of the credit environment around housing has to be a focal part of housing conversation. You can either have affordable housing or housing as an investment vehicle (store of wealth) but you can't have both.