Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
Op is saying it's a problem of supply not meeting demand
You're saying that supply can't meet demand if the rich have infinite demand
These aren't exactly incompatible. I haven't seen good evidence that demand from the wealthy explains the massive increase in housing cost, but you can both build more housing to increase supply and try to limit the wealthy buying too much housing. They're not incompatible
In San Francisco, probably the most economically productive city in the US, the government adds over $200k to the cost of each house with just permitting process.
Yikes, yeah that's another barrier to building that I didn't even think of. I can see what you meant by "let us" build more.
Just another example of how building isn't viable or affordable for everyone. My parents made the decision to build, but they also got the land long ago when the lot was cheap, and they did a large chunk of the work themselves including framing, wood floors, trim, doors, etc.
its a land problem. if you gave every homeless man half an acre yes they would literally just do that. however land has property tax and bums never open letters
so a simple micro acre tax free law would probably solve homelessness. it would have to be someplace like alaska or arklaska. of course these would be called concentratation camps by the far right but its a two bird solution. alaska could easily fit 50 million people
would you sign up for the free half acre in north alaska?