• rchive@lemm.ee
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    1 year ago

    One separate reason housing is expensive in the US, at least, is that most jurisdictions make it very hard to build new housing. Law of supply, if supply goes down, price goes up, if supply goes up, price goes down. Supply hasn’t been allowed to increase much for the last few decades, therefore price goes up. If we could double the amount of housing over night, it wouldn’t matter how much landlords wanted to buy everything up, they wouldn’t be able to keep up.