[toomuchtodo]

That is not the problem.

The problem is you can't compete with cash buyers, or people who can qualify to borrow hundreds of thousands of dollars when you can't (along with the influx of foreign money from China and South America, and stagnant middle class wages for 40 or so years).

Remove government support for mortgages, remove tax deductions, and put in place higher taxes for non-owner occupied dwellings. This will (mostly) fix the affordable housing issue. Work will still have to be done on pushing wages up.

[eru]

> [...] and put in place higher taxes for non-owner occupied dwellings.

Why exempt owner occupiers? There are the worst NIMBYs.

(https://www.dartmouth.edu/~wfischel/Papers/00-04.PDF)

[shostack]

And cause a massive economic issue for every owner who gets put underwater by the resulting price crash?

[toomuchtodo]

Versus continuing to prop the market up artificially? Government does not exist to protect the value of your housing through subsidies.