As always thought-provoking and well thought out thanks Rob. I see some flaws and drawbacks, but I commend you for starting the conversation and putting it out in the ether.
The biggest issue for housing is/was extremely low interest rates. The government and federal reserve have used housing as a stimulus piggy bank. There is a cost to absurdly low interest rates. The housing market is paying for it now.
Money goes where is treated best and will seek yield. Crazy as it sounds higher interest rates is the answer.
As always thought-provoking and well thought out thanks Rob. I see some flaws and drawbacks, but I commend you for starting the conversation and putting it out in the ether.
The biggest issue for housing is/was extremely low interest rates. The government and federal reserve have used housing as a stimulus piggy bank. There is a cost to absurdly low interest rates. The housing market is paying for it now.
Money goes where is treated best and will seek yield. Crazy as it sounds higher interest rates is the answer.
Where will the tenants go if you eliminate rentals? Not everyone is qualified or desirous of owning...