Not so fast!

Comments

• aeronmelon@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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• realitista@lemmus.org ⁨3⁩ ⁨weeks⁩ ago

  Things don’t get cheaper for no reason.

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  • pewpew@feddit.it ⁨3⁩ ⁨weeks⁩ ago

    Things don’t get cheaper.

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    • Taldan@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Housing got cheaper in Japan. They went from the most expensive housing in the world to the cheapest in the industrialized world

      They did it by removing barriers to building housing, and incentivizing building homes. The downside is that rich people can’t profit as much off housing, which is a non-starter in many other countries

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• Lemmyoutofhere@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

  Will only get cheaper if there is large scale deflation, and then nobody will be able to afford a house because everyone will be unemployed.

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  • SuluBeddu@feddit.it ⁨2⁩ ⁨weeks⁩ ago

    Or very high and progressive multi-property taxes 🫣

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  • nwtreeoctopus@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

    Make it less economically attractive to own multiple houses (ban Air B&B, high tax rate on ownership beyond primary residence, ban corporate ownership of certain types of home, etc) and maybe we’ll see some shift.

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    • Lemmyoutofhere@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

      There already is higher tax rates and higher mortgage rates on investment properties. It’s still worth it for small time investors.

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• RockBottom@feddit.org ⁨3⁩ ⁨weeks⁩ ago

  Yeah, where are the insurance skeptics?

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• joyjoy@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

  That’s why California and Florida have a public fund to let residents in disaster prone areas to rebuild their homes in the same place with little changes. Most homes in those areas are less than 5 years old. 

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