Is public housing the fix there? It seems like that would only work at a scale such that a vast majority of the market is publicly owned, i.e. communism.
Financialization of housing may be much better controlled by limiting what financial mechanisms can be made on top of real estate assets. As it stands, housing and related derivatives prop up a huge amount of "money" and investment portfolios. Government owned housing won't fix that directly, and the government is incentivized to not solve that because it would likely mean economic or monetary collapse.
Financialization of housing may be much better controlled by limiting what financial mechanisms can be made on top of real estate assets. As it stands, housing and related derivatives prop up a huge amount of "money" and investment portfolios. Government owned housing won't fix that directly, and the government is incentivized to not solve that because it would likely mean economic or monetary collapse.