A lot of people mentioned affordable housing is a big issue. Would capping the amount of house price increases annually be acceptable or too much government over reach? Like a certain percentage that sellers could not go past.
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Artificial price caps distort supply and demand and lead to shortages. The answer is more supply, especially removing zoning rules that prevent higher density.
We have over 1 million vacant homes in the US. The supply is not the issue.
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All the more reason for wage increases so people can afford to buy those homes.
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