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117 sats \ 2 replies \ @kepford 17h \ on: Why did America outlaw cheap homes? Construction_and_Engineering
Looking forward to watching this. It's a topic of interest to me. Housing is a frustrating topic. The issues can be very localized but the patterns aren't complex.
From what I have read, seen, and heard from people in the real estate market there is a massive housing supply shortage which is worse in California which never has really recovered from 2008 crash.
Zoning in many areas make the issues worse. Local rules I fluenced by the World Economic Forum has played a part. Some of the rules might have come from a good place but the impact is driving prices up. Of course there are plenty of people that wanna see this. And it's not just BlackRock. It's home owners that use their house as a savings account.
Yeah, Fiat is probably the biggest issue. It drives people into stocks and real estate as well as the BlackRocks. Removing or at least reforming housing regulations could massively help but sound money (bitcoin) is the real solution. Your home should not be your savings account.
A big issue is also local control. Residents of neighborhoods vote to make it hard to build. That keeps their property values up, preserves the "character" of their neighborhood, and basically makes it hard for anyone else to live there.