America’s housing crisis continues to worsen | CNN Business
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In America, home prices are at record highs while hundreds of thousands are homeless.
  • Nurgle@lemmy.world
    71·
    5 months ago

    Build. Social. Housing.

    Its not a difficult concept. The “market” is not going to build anything that lowers the price. The market is not going to build anything fast enough. The market is absolutely not going to give a flying fuck about building to create communities.

    • SleezyDizasta@lemmy.world
      4·
      5 months ago

      That’s stupid, we already tried social housing and it didn’t work. The market is the one and only thing that can reverse the situation, and it has done so before too, we just need to put in place the right incentives

    • it_depends_man@lemmy.worldEnglish
      2·
      5 months ago

      The meritocratic, capitalist way, would be to to put a property tax on it and to increase that tax, until

      • rents increase so much that people can’t afford to live in cities anymore
      • cities lose essential employees
      • society shuts down
      • THEN property loses value
      • then it can be bought cheaply again
      • and also rented for a low price, because the tax on the low value property is also low

      Let’s go people!