The elephant in the room is housing was turned from a utilitarian good into a speculative asset.
This is capitalism in its purest form.
This is capitalism in its purest form.
Real estate is investment and no one ever wants their investments to devalue. And the only way to slow stop or even decrease housing is to devalue it by building beyond what’s needed. No investor will ever do that.
It is capitalism in its purest form. And no kind of free market will fix this issue.
Developers absolutely want to build and sell as many homes as possible.
Private enterprise is literally what created all the shelter in the first place. Who else is gonna build shelter? It definitely isn’t gonna be the government…
Capitalism is the only reason developers create shelter in the first place…
Why aren’t you and GP out there building houses for a loss? None of the people complaining about capitalism ever actually practice their own ideals.
Anyone is free to start a non-profit org that builds homes and you can still cut yourself + employees a salary.
It is just that enlisting everything and everyone on the planet into a pure financial model that can be leveraged for rents and speculaion is what it is about.