All the costs of ever increasing Govt regulate tax debt spend print are passed via higher inflated prices so unaffordable to ever more poor & middle class
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Eat shit Julie
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How is this a surprise to anyone? It's a simple exercise in supply and demand. Reduce the housing supply (for everyday/"normal" buyers) and what happens to prices? The same amount (or more) of housing money is now being spent on a reduced supply.
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Community/social housing is govt evading responsibility by a tax on the groups developing & buying instead of wider tax. Inappropriate & excessive Regulation has been shown globally to drive housing costs as supply is curtailed and choice is constrained.
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I call BS on it causing prices to go up. The whole reason why cities are taking these steps is because prices are already going up due to market demand. Further more, who's gonna serve lattes to the rich folks buying up all the affordable real estate property in said cities?
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