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by trhway 5 days ago
Who would be building in the falling prices market? Whenever real estate prices start falling you see the building activity decreasing.
1 comments

Prevailing wisdom is that we need to increase supply.
my point is who is going to provide that supply sufficient to drive prices down. Builders - wouldn't. Government? I don't see it, at least not in US. In USSR we had government provided housing, and still there was shortage and a lot of other drawbacks to such an approach.