> It's too difficult to curb demand for things like food and housing if the population is growing.
It's also difficult (impossible) to curb demand for housing if housing is far and away the best investment you can possibly make, both in the short, medium, and long-term.
Unfortunately, so many people in the west have their net worth tied up in their homes that policies directly targeting property values is political suicide.
The best case scenario at this point for our future society is interest rate hikes causing a housing crash, then while prices are in the dumpster, put in legislation that prohibits the behaviours that have contributed to this cycle of housing mania: AirBNB/individual landlords, corporate investment in housing a la BlackRock, etc.
It's also difficult (impossible) to curb demand for housing if housing is far and away the best investment you can possibly make, both in the short, medium, and long-term.
Unfortunately, so many people in the west have their net worth tied up in their homes that policies directly targeting property values is political suicide.
The best case scenario at this point for our future society is interest rate hikes causing a housing crash, then while prices are in the dumpster, put in legislation that prohibits the behaviours that have contributed to this cycle of housing mania: AirBNB/individual landlords, corporate investment in housing a la BlackRock, etc.