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by jeffbee
1542 days ago
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Why don't you ask people in any nation where this is already national policy, such as Austria? Don't just imply that it is not possible, when there are existence proofs. For that matter, just ask your parents. It was national policy of the U.S. to build an overabundance of housing for the 50 years after the Great Depression, which is why landlords' income as a fraction of the national economy hit an all-time low in the mid 1980s. It has since rebounded to all-time highs, which is why nobody can find a place to live. |
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What? How? Real estate prices to income ratio in Austria is one of the worst in the EU. Few people can afford to buy without inheritance. Austrian real estate market is broken AF.