Can the government give tax credits as an incentive for developers to build small affordable first-time homes nationwide? It just seems to me that the only way to dig ourselves out of this mess in current market conditions is to increase supply through monetary incentives to industry.
If you care about *housing* prices, you need to stop caring about home ownership, and you need to start caring about *housing* supply.
*Housing* is expensive because single family homes are the dominant housing structure in the U.S., and it turns out that these homes are inefficient ways to house a society. Single family housing further entrenches the car-dominated, suburban sprawl that makes American towns and cities so shitty to live in. The infrastructure required to make these things work is a huge financial drain on the tax base, and people who own houses disproportionally oppose the building of new, denser housing.
tldr: who cares if first time homeowners can’t buy a *house*, that is the wrong problem to be looking at.
2 comments
Can the government give tax credits as an incentive for developers to build small affordable first-time homes nationwide? It just seems to me that the only way to dig ourselves out of this mess in current market conditions is to increase supply through monetary incentives to industry.
If you care about *housing* prices, you need to stop caring about home ownership, and you need to start caring about *housing* supply.
*Housing* is expensive because single family homes are the dominant housing structure in the U.S., and it turns out that these homes are inefficient ways to house a society. Single family housing further entrenches the car-dominated, suburban sprawl that makes American towns and cities so shitty to live in. The infrastructure required to make these things work is a huge financial drain on the tax base, and people who own houses disproportionally oppose the building of new, denser housing.
tldr: who cares if first time homeowners can’t buy a *house*, that is the wrong problem to be looking at.