Well, they will soon won't have to drive, as there will be n...
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Well, they will soon won't have to drive, as there will be no jobs for them. So, I suppose that solves the problem. If they live further out, they can then switch to subsistence farming and starve to death, slowly, on potatoes. Then we can buy up their property even faster. Winning.
At any rate, there is no acute housing shortage, anywhere in the West. Even Berlin has decided to keep an entire airfield smack dab in the middle of the city, so that the housing-lucky can skateboard on it and grow organic tomatoes, while others sleep in cardboard boxes nearby.
Germany also has the absolutely daft law, capping the amount of rent charged for existing renters, but allowing new rentals to float. So that you might pay €500 for a large apartment, but if you move to a smaller apartment in the same building, you might pay €2000. So, nobody ever moves, housing is never adjusted to the present number of occupants, and the job market is sclerotic. That is one major reason why the number of square feet per person goes up during a housing affordability crisis.
House prices are simply inflated and the market is a shambles, same as all other asset classes. As houses are considered financial assets, now, instead of homes, due to their heavy debt loads and the securitization of mortgages. Putting the precariously poor into tiny houses that cost €500k and carry a 40-year mortgage won't improve their standard of living or help them truly acquire property.
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"content": "Well, they will soon won't have to drive, as there will be no jobs for them. So, I suppose that solves the problem. If they live further out, they can then switch to subsistence farming and starve to death, slowly, on potatoes. Then we can buy up their property even faster. Winning.\n\nAt any rate, there is no acute housing shortage, anywhere in the West. Even Berlin has decided to keep an entire airfield smack dab in the middle of the city, so that the housing-lucky can skateboard on it and grow organic tomatoes, while others sleep in cardboard boxes nearby.\n\nGermany also has the absolutely daft law, capping the amount of rent charged for existing renters, but allowing new rentals to float. So that you might pay €500 for a large apartment, but if you move to a smaller apartment in the same building, you might pay €2000. So, nobody ever moves, housing is never adjusted to the present number of occupants, and the job market is sclerotic. That is one major reason why the number of square feet per person goes up during a housing affordability crisis.\n\nHouse prices are simply inflated and the market is a shambles, same as all other asset classes. As houses are considered financial assets, now, instead of homes, due to their heavy debt loads and the securitization of mortgages. Putting the precariously poor into tiny houses that cost €500k and carry a 40-year mortgage won't improve their standard of living or help them truly acquire property.",
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