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0 pointssword_smith6y ago0 comments

Yes. But the high house prices feed through to higher land prices so the newly built houses will also be more expensive than they otherwise would have been.

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firebacon6y ago

In most places, except the obvious exceptions, the government can also create new land for construction.

sword_smithOP6y ago

Absolutely. But not all land is created equal, most people want to live near a big jobs market, meaning near a big city. So the price of this land will inevitably go up.that being said, I am sure there is a lot municipalities could do to make housing more affordable.

firebacon6y ago

True. Still, one alternative model to consider is one where the recent trend of opportunity concentrating in a few big cities could reverse. Either due to market forces (cheaper everything outside of the big cities), remote work becoming more prevalent, or both.

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0 pointssword_smith6y ago0 comments

Yes. But the high house prices feed through to higher land prices so the newly built houses will also be more expensive than they otherwise would have been.

0 comments

firebacon6y ago

In most places, except the obvious exceptions, the government can also create new land for construction.

sword_smithOP6y ago

firebacon6y ago

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j / k navigate · click thread line to collapse