The housing market in the Anglosphere is a gigantic Ponzi scheme. That these countries shortsightedly decided to make housing the primary driver of middle class wealth will go down as of the the greatest own-goals in history.
Worse yet, these nonsense housing and zoning policies have no end in sight, as homeowners are disproportionately those richer, older, and more established, and so will continue to vote in greater numbers for these policies.
Worse yet, these nonsense housing and zoning policies have no end in sight, as homeowners are disproportionately those richer, older, and more established, and so will continue to vote in greater numbers for these policies.