[jorvi]

Currently there is a hard limit on how many properties per year can be built due to lack of construction workers + training positions for new workers + being sure of work in the next decade(s) due to economic cycles.

Since the factor limiting supply is not cost or demand, prices keep ever-increasing with no gains for society; just filling the coffers of the haves.

You should really watch out with insults of economic illiteracy :)

[peter335]

I stand by my characterization, this comment is symptomatic of the same problem. That a country with high unemployment has the nr of workers in the construction sector as the major limitation in construction of new housing seems very implausible. What about zoning laws? To the extent a country with high unemployment can’t find enough construction workers it’s likely to be some kind of government/regulatory failure. Read Matthew Yglesias, he’s great

[jorvi]

High unemployment?

Boomers retiring will create a permanent labor shortage for the foreseeable future. People just don’t want to be construction workers, and who can blame them? Especially with how construction workers got screwed over after 2008. That nuked the construction sector so hard that employement in construction has just barely recovered to 2008 levels.

It would be beautiful if housing was the pure demand-supply curve that many claim it is- but currently it isn’t. Letting the market solve the housing problem doesn’t create additional future housing as that is blocked by house construction output, all it does is allow maximizing profit on existing real estate.

With the extreme anger and complete societal gridlock that the first world housing crisis is fomenting, if the fix was “just unregulate lol” politicians would have done that by now.

[HDThoreaun]

Spains unemployment is 12%. That is among the highest for developed countries.

[zrn900]

> That a country with high unemployment has the nr of workers in the construction sector as the major limitation in construction of new housing seems very implausible

The rest of the world is not the US, and people don't have to work for dimes in jobs that can go away the next day just because they would starve or cant afford healthcare if they don't. As a result, people prefer stable jobs. If that sounds implausible to you, it is a sign of how perverted the mentality of your society has become that you expect people to be like disposable lemmings that will pour out to whatever pays them some money.

> What about zoning laws? To the extent a country with high unemployment can’t find enough construction workers it’s likely to be some kind of government/regulatory failure. Read Matthew Yglesias, he’s great

You don't know anything about the country that you speak about. You are referring to an American who has his ideas existing only in various books. Dont make holistic statements without knowing enough about what you are talking about. In this case, an entirely different country and society.