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by MangoToupe
333 days ago
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> If you suppress the price artificially, then the supply won't increase which won't do people who lost their homes any favors. Supply's not increasing substantially in the near future to help regardless. Folks place far too much faith in market effects that history has demonstrated again and again only take effect in the long term. You know what would actually guarantee an increase in supply? Government-funded public housing. But that would deflate property prices, which is far more reprehensible to americans than the institutions of poverty and homelessness. We are a disgusting and reprehensible people. |
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Or just removing needless restrictions so the market can provide the incentive for private entities to build housing? The government is not the primary builder of housing, nor should it be.