TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

  • @[email protected]
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    fedilink
    3211 months ago

    All the housing in the world won’t matter if the same 10 people are buying everything up. Supply isn’t our problem.

    • @[email protected]
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      fedilink
      111 months ago

      Op is saying it’s a problem of supply not meeting demand

      You’re saying that supply can’t meet demand if the rich have infinite demand

      These aren’t exactly incompatible. I haven’t seen good evidence that demand from the wealthy explains the massive increase in housing cost, but you can both build more housing to increase supply and try to limit the wealthy buying too much housing. They’re not incompatible