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Do you think we will ever have affordable housing again in our lifetime? (lemmy.world)

submitted 1 year ago by filister@lemmy.world to c/asklemmy@lemmy.world

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Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?

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[-] calzone_gigante@lemmy.eco.br 9 points 1 year ago* (last edited 1 year ago)

It's not only supply and demand, on some countries there's more empty houses than homeless people, rich people and banks rather leave the houses empty than lower rent or price, governments should step in and tax empty houses.

[-] Blackmist@feddit.uk 3 points 1 year ago

Yes, but that will only help the homeless if they spend all that tax money (and more) on mental health care and addiction therapy.

Spoiler: That's not where it will go.

Also a lot of these empty houses are in places where nobody in their right mind would want to live even if it were free. There's a little bit of rich people squatting on "investment" property or holiday homes, but it's not the majority.

[-] Adalast@lemmy.world 1 points 1 year ago

Except for the first time housing prices and availability are more to blame for homelessness than mental health.

https://www.cato.org/briefing-paper/housing-markets-first-housing-supply-affordability-are-key-reducing-homelessness#:~:text=In%20a%20recent%20book%2C%20authors,substance%20abuse%2C%20or%20poverty%20measures.

[-] jarfil@lemmy.world 0 points 1 year ago

that will only help the homeless if they spend all that tax money (and more) on mental health care

a lot of these empty houses are in places where nobody in their right mind would want to live

So... you say they're perfect for the mentally ill homeless? 🧐

this post was submitted on 21 Aug 2023

462 points (96.8% liked)

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