The "solution" they come up with? Give builders tax credits! This makes it cheaper for the RE developer to build, but why would he pass the savings along to the buyer? The same market forces would keep the price high and the builder just pockets the additional profit.
It also doesn't encourage development of the type of housing needed. It's the same suburban model of "starter homes" for families with "middle class": incomes. What is needed are apartments for lower class people with min wage incomes. Where are the Starbucks Baristas EMTs and CNAs and Uber drivers supposed to live? Places for old retired people on fixed incomes. Places for recent immigrants.
The Private Sector of builders doesn't build this type of housing, it MUST be done by Da Goobermint. God forbid though you put forward the CFS solution of a socialist solution. Capitalism will solve it, as long as we make their profits bigger, right? ::)
Un-fucking-believable.
https://www.bloomberg.com/news/articles/2024-09-12/homebuyers-hit-by-price-surge-supply-crunch-rock-2024-election?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAqEAgAKgcICjDi7PAKMIXduwIw68WSAw&utm_content=rundown&gaa_at=la&gaa_n=AWsEHT64DovikYvRwVqpSCsiCOzEAW73iF1I_Z4qqXOU0dsbxD23yGMYSPw45OfJkMkUFz27anj81Y_aphrV&gaa_ts=66e3f33d&gaa_sig=wF27gFiTaM2Xz7NO4OkpBPbwwoSMSVc8b_z1u1wDwBe2iedUqWIxuj1pjcdXa3XnpJwHoFe8xTdZjCetDxXvJQ%3D%3D
Housing's Worst Crisis in Decades Reverberates Through 2024 Race
RE
Housing’s Worst Crisis in Decades Reverberates Through 2024 Race
Started by RE Sep 13, 2024, 10:07 AM
Message path : / Society / Middle class collapse / How the French do it #8
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