• ArgentRaven@lemmy.world
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    9 months ago

    What it doesn’t say is: who IS buying these homes? Someone has to, it else they’d stay vacant until the prices dropped. Why don’t they say?

          • Nogami@lemmy.world
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            9 months ago

            What makes you think the government has the slightest interest in building any social housing, much less lots of it? What’s the net positive for them?

            Just remember that every home and land owner will instantly vote out any government that messes with their nest egg’s value.

            You could try and argue there’s more people who want cheap housing than those who already have it but it’s nowhere near enough to keep a government elected.

              • Nogami@lemmy.world
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                9 months ago

                Society won’t collapse but people are gonna need to get used to living in small places. 1200-1400sqft for 2 people will be a luxury in a big city.

                Single detached? Forget it.

          • Nogami@lemmy.world
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            9 months ago

            Built by who, and on what cheap land? It’s not going to be the government, any government even trying that will be voted out instantly so it will never happen because there’s no money for it.

            Any private developers will be seeing it as a money making opportunity and price it accordingly.