At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

  • bionicjoey@lemmy.ca
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    1 year ago

    If wages increase but housing demand remains significantly higher than supply, housing prices will just inflate. We need to build a lot more homes.