> This is the real issue. Governments restrict housing supply for whatever misguided reasons and prices go up, those prices make it a good place to park cash. Government should stop picking winners and losers.
Restriction of housing is not limited to Government, housing developers also do it:
"[Kate] Barker reached a similar conclusion in her interim report, where she noted that in order to maximize their profits, developers control the rate of production and ‘trickle out’ no more than 100–200 houses a year from a large development. ‘This may not be desirable from society’s point of view,’ she wrote." (from https://www.annaminton.com/bigcapital)
Personally, I trust the reasons that a Government would limit housing more than I would a for-profit company who are probably operating in the interests of investors who don't live in the affected areas.
Even more than Big Government control though, I would prefer the people that live in an area to have the biggest say into how things are run.
Restriction of housing is not limited to Government, housing developers also do it:
"[Kate] Barker reached a similar conclusion in her interim report, where she noted that in order to maximize their profits, developers control the rate of production and ‘trickle out’ no more than 100–200 houses a year from a large development. ‘This may not be desirable from society’s point of view,’ she wrote." (from https://www.annaminton.com/bigcapital)
Personally, I trust the reasons that a Government would limit housing more than I would a for-profit company who are probably operating in the interests of investors who don't live in the affected areas.
Even more than Big Government control though, I would prefer the people that live in an area to have the biggest say into how things are run.