this post was submitted on 20 Jun 2024
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Social housing can never be the true solution. The government doesn't have enough money to make it have an impact. Even in cities in Europe that have 30-40% social housing, they are still having housing crisis situations where people can't move, people wait years to affordable units, and private housing is still astronomically expensive.
There is a proper fix, but it destroys almost all of the equity in the existing housing market which means voters will never go for it. Far too many people still own houses and would lose hundreds of thousands or even millions.
So instead we get this pandering shit, and prices will continue to rise for the next few decades.
In the real world there are no single "true solutions". More social housing is needed. Capping speculation is needed. Taxing empty houses is needed. Building new dense and walkable neighbourhoods is needed. Carefully deflating the bubble to free up capital to productive investments is needed. Retrofitting existing buildings is needed. Housing coops are needed. All these things are needed.
None of those are solutions. They're all Band-Aids. No matter how much you do any of those things you proposed, prices will continue to climb.
Not a single developed country has managed to rein in prices, no matter what tactics they've tried. There are places with all of those suggestions, and still... expensive housing.
What are you arguing for? Because it seems you're championing doing nothing.
I'm championing land value taxes, but they won't pass until ownership rates drop another 20-30 percent over the next 20-30 years.
Honestly, the best option for my children (who are still quite young) right now is for me to try to make it worse faster so that we can make such a radical change sooner.
So, doing nothing. Got it.