“first-time homebuyers” ?!? Z/Alpha will never be able to buy something, when you earn 2000$/month and rent is 2000$/month, you cannot even live.
Are you certain? Perhaps we should sit on this for another five years and do another study…
Pyramid scheme of immigration that eventually fails due to bad housing policy!
We are the second largest country in the world yet everyone lives in the same large cities. No shit prices are ridiculous. We really need to incentivize people to spread out.
It’s not lack of housing.
It’s a combination of housing investors and hoarding.
Real Estate companies are just sitting on stock they can’t sell at sky high prices. Now they have entered the landlord game and are using stock they can’t sell as rental stock, but forcing insane rents. Like 3000 dollars a month for a shit one bedroom out in the suburbs shit.
Entire apartment high rises being sold overseas to foreign investors who don’t even have PR status.
The problem can easily be solved, but it requires taking down the rich.
Urban sprawl is part of the problem, not the solution.
There is more to spreading out than urban sprawl. Our towns and even villages used to largely self-contained. Now you’re lucky to find a bank, a bakery, a grocery store, and a hardware store in the same place outside of something big enough to be called a city.
People talk about walkable cities, by which they mean that people can walk to most of their normal goods and services. What is that but a town/village model for communities?
Bro u watched too much NJB
We really need to incentivize people to spread out.
People will go where the jobs are.
Corporations don’t care about solving problems in society. Often they are part of the cause of those problems.
How is the cost not incentive enough?
