They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
Giving everyone more money will not fix the price of housing, It’ll do the opposite.
It will partially fix it because part of the problem is wealth inequality; housing is a form of wealth and becomes more out of reach as wealth concentrates away from people. Giving everyone money serves as redistribution.
Think about it. If everyone has more money that means so do the other people bidding against you. It’s like the college tuition problem. Everyone can get student loans, so colleges have no incentive to keep costs reasonable. Giving college students more money doesn’t fix the problem of college being too expensive.
No the price of housing is caused by low interest rates and the money printer. This makes companies take out cheap loans and buy all the houses, thus driving up the pricing even more.
You’re kidding yourself if you think everyone having more money is going to do anything but increase bidding on housing right now though. I’m not blaming housing prices on people having money, I’m saying it’s not going to fix those underlying issues.