robocall@lemmy.world to me_irl@lemmy.worldEnglish · 8 months agome🏠irllemmy.worldimagemessage-square6fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1imageme🏠irllemmy.worldrobocall@lemmy.world to me_irl@lemmy.worldEnglish · 8 months agomessage-square6fedilink
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up0·8 months agoThe problem with a collapse in house prices is that it normally comes with a collapse in everyone’s personal finances. If you can’t afford before a crash, there’s a very good chance you won’t be able to afford after a crash either. The only thing that will bring house prices down is building a fuckload more houses, and building them in places that people actually want to live.
minus-squarePoliticalAgitator@lemmy.worldlinkfedilinkarrow-up1·8 months agoYou could also introduce regulations to prevent houses being used as investments.
The problem with a collapse in house prices is that it normally comes with a collapse in everyone’s personal finances.
If you can’t afford before a crash, there’s a very good chance you won’t be able to afford after a crash either.
The only thing that will bring house prices down is building a fuckload more houses, and building them in places that people actually want to live.
You could also introduce regulations to prevent houses being used as investments.