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by cryptonector
582 days ago
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> Higher prices? Immigration! (never mind that immigrants are cheap labor, which should lower prices). One argument I often see is that housing costs are increased by the large increase in population. Can you speak to that? Can you imagine a rate that might be too high? 1 million/year? 10 m/y? 20 m/y? 50 m/y? There must be a limit, even for you. |
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The housing crisis is caused primarily by middle class and rich domestic white people. The problem is we're not building affordable housing, the reason being housing is the primary and most effective investment for the middle class. People who already own property have the highest incentive imaginable to NOT build more housing. Affordable housing means your investment depreciates.