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psynautic t1_je28ns9 wrote

Reply to comment by Nuplex in Rents high. What is your alternative to increasing housing supply? by paul-e-walnts

just on your last point, unfortunately i don't even think a house value cataclysm would reset the thought process. too many people would see the reset as a temporary state and buy up land 'for cheap'.

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Nuplex t1_je295jr wrote

It's possible. This happened in Japan, where land is much more scarce. But it requires something so destructive that no one would even consider a house to be a safe long term investment in most areas of the country.

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