Why not free markets though? Why is this concept so dirty?
The idea housing is so expensive is just ridiculous. There should theoretically be no arbitrage between renting and owning. The market is so distorted though that the idea is a joke.
If there is something that free markets would do a very good job at solving it is this problem. If we don't believe in that at least we are really in trouble.
The really sad thing is this is just crushing poor people with rents. No one would be helped more by free markets in real estate than poor people.
The idea housing is so expensive is just ridiculous. There should theoretically be no arbitrage between renting and owning. The market is so distorted though that the idea is a joke.
If there is something that free markets would do a very good job at solving it is this problem. If we don't believe in that at least we are really in trouble.
The really sad thing is this is just crushing poor people with rents. No one would be helped more by free markets in real estate than poor people.