To make housing affordable, one must make it unpalatable to investors. Lack of housing is not a problem - an excess of demand from speculative investors fueled by too low interest rates is the problem.
Affordable housing is uninvestable housing. Until advocates admit this, the walking in circles will continue.
i) Price controls do not work at reducing prices, there are two millennia worth of proof for this.[1]
ii) Higher interest rates lower housing prices by lowering the availability of loans. This is a good thing unless you are already bought into the ponzi of ever declining rates.
iii) Affordable housing is uninvestable housing. A house is a deprecative asset, the same way cars are. A house does not produce anything. You live in it and it wears down.
Affordable housing is uninvestable housing. Until advocates admit this, the walking in circles will continue.
i) Price controls do not work at reducing prices, there are two millennia worth of proof for this.[1]
ii) Higher interest rates lower housing prices by lowering the availability of loans. This is a good thing unless you are already bought into the ponzi of ever declining rates.
iii) Affordable housing is uninvestable housing. A house is a deprecative asset, the same way cars are. A house does not produce anything. You live in it and it wears down.
[1] https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices