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this post was submitted on 22 Feb 2024
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Reducing demand does no favors either because the cost of living is artificial. Demand is irrelevant.
I mean, it's definitely still relevant. If everyone just said fuck it n moved into Hooverviles tomorrow, cost of housing would go down with no one to occupy/ pay for the housing. They are restricting supply. The only way to combat it beyond asking for legislators to actually do their fucking job is to decrease demand.
They're restricting supply by buying up empty housing and hoarding it (and manipulating zoning laws and buying off city councils and getting the "right" ordinances passed etc). There isn't actually a shortage of housing, just a shortage of "available" housing. You can't fix that by shutting down the border. They'll just hoard even more to compensate.