Comments by "Daniel Bradford" (@Falconlibrary) on "PENT UP Home Seller Demand ON THE VERGE OF EXPLODING!" video.

  1. What's wrong is that the government is subsidizing demand, not supply. Subsidizing demand inflates prices and gets people into houses they shouldn't be buying. Governments do this because asset owners are a voting constituency who want housing prices to keep going up and up. Subsidizing supply would mean giving grants and zero interest loans to builders of single family and multi-family housing, which would bring prices down and make things affordable again. Governments don't want to do this because potential buyers/renters aren't considered an important political force. Homeowners, apartment building owners, and the real estate industry have organized lobbies; the potential buyers/renters for the most part are not organized. The solution is in front of us and would solve the affordability crisis in 3-5 years if implemented. IF implemented.
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