Hacker News new | ask | show | jobs
by nickstefan12 2919 days ago
I've learned that the housing crisis is really just a wealth inequality crisis. Basically every city in America now thinks it has a housing crisis. Big. Small. Cheap. Expensive. Seriously, talk to people in every city and state and they all think their city has its own special housing crisis.

I think as long as there are people with deep pockets, anywhere desirable will be expensive regardless of supply. Like when dieting, "you can't out exercise the fork", you can't out build the wealthy and multi property investors.

The housing crisis is a wealth inequality problem. Trying to build out of it destroys the character of cities and their access to nature and for what? To appease the always too deep pockets of people buying up multiple houses...