zlacker

>>kenton+(OP)
This is neat, but as a $NET shareholder and someone with another ~$1m in net worth that can't afford to buy a house for at least another 6 years this makes me think we should significantly increase taxation.

>>laidof+aE
Housing price issues in the US are fundamentally the result of every major city making it expensive or impossible to actually build enough housing. Changing taxes (in either direction) really wouldn't move the needle at all. What's needed are local zoning changes and significant revamps of permitting and approval processes to remove endless discretionary roadblocks from anyone who doesn't like medium density housing.

>>crooke+SF
No.

The global housing crisis is the result of international organised crime owning or operating most of the large construction conglomerates, using real estate as a fiat currency to wash the proceeds from all their illicit business, and (org crime infested) private equity companies cashing in on the former situation, pumping assets by buying up available real estate just to make it unavailable.

CRIME is the real reason worldwide for people not being able to afford a house.

>>clucki+ZK
This is absurd. Does it happen? Yes. But this is not the primary driver.

We turned housing into retirement funds. The median family's wealth is their primary residence. We cannot have these assets depreciate in nominal terms for this reason, and we actually need them to appreciate in real terms for people to have a nest egg.

It's awful, but it's the truth.