I like that everyone readily understands the supply/demand phenomenon as it relates to the price of used cars, but many people are unable or unwilling to grasp the relationship between the supply of new houses and the prices of used houses.
The issue is cheap credit and the lack of an LVT that would avoid all the economical and ethical issues with land ownership.
I don't think it's a panacea at all, I just think it would be the most effect with the smallest disruption (in that it's simply a reform to be done inside the framework of free market, private property, etc).
https://en.wikipedia.org/wiki/Civil_Rights_Act_of_1968#Title...
But especially since https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act
e: downvoters know I'm right ;) https://fred.stlouisfed.org/series/OEHRENWBSHNO https://i.imgur.com/kP8ugvH.png
Make an actual argument. Are you saying that the legislation reduced the level of housing created? Are you saying that redlining increased housing stock? Are you saying that black people having equal access to credit made white people less likely to build houses?
Linking to Wikipedia with a wink and a nod to racism is not an argument. Be explicit with your argument here.
This caused the builder to focus on building more higher end homes, so new homes in the 5-6x median income market were being built but the home in the 2-3x median income home that most people would buy (and should buy) was not cost feasible to build.
Even within cities, it can be creates by zoning changes. My city recently relaxed density rules, effectively creating new land out of nothing in an instant. Developers are now building on that "new" land.