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by kobalsky
43 days ago
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> I guess that would drive housing prices down a little because so much of the population would be living with their parents until they save up enough for a down payment, which might not occur in their lifetime you mentioned supply and demand, if everyone is struggling to buy houses, downpayments wouldn't just go down a little. in the end, everyone needs housing, every single house would be occupied just as now, but instead of having renters being squeezed by supply and demand you would have owners. how is that a worse scenario? let developers have rent, they are the risk takers, they deserve it. |
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Not every house is occupied now. Not everyone will sell at loss if they can't rent out. So more homeless people?
What about people who don't have any savings living paycheck to paycheck? There is clearly some floor on housing price and not everyone can afford housing even at zero margin. Giving out free mortgages like it's 2007?
What about new housing? With lower prices supply will further decrease, and in places with high prices it's usually already insufficient.