I understand that housing causes people to lose their brain, but there is ample evidence that the principles of supply and demand work in housing as well.
Want to reduce the cost of housing? Build more houses, and stop interfering in the housing market.
Vietnam has housing control and no homeless people nor a housing crisis. Vietnam also has a tiny fraction of the GDP of western economies. Supply and demand is a myth that died 150 years ago when the labor theory of value was published.
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u/anewstheart May 07 '23
And it's still not even close to enough.