- Wed Oct 09, 2024 3:29 pm
#77355
Andy McDandy wrote: ↑Tue Oct 01, 2024 2:52 pm Building new houses won't fix the problem, because they'll get snapped up by people who already own homes, because they have the leverage and the housing market is pretty much a one way bet. Whether to move into or to rent out, it doesn't matter. First time buyers will be priced out.The one way bet is a result of lack of supply though. It'll take a long time to get there admittedly, but if we do, the gains in affordability will come. The market can certainly do that, whatever else it can't do.