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it's amazing to me that saner countries are still struggling with this basic issue. like, dude, shelter is a known need. and building it is something we know how to do. AAAAND figuring out how many houses the people need for shelter is straight forward to calculate decades in advance.
but, fuck you, landlord gotta get paid.
The 'invisible hand' of the market is mostly just wanking off the rich these days.
hey, we built a society structured around capitalism, because? Capitalism: it just works.
like a machine grinding people into sausage, it just keeps on working. fuck
Shocking. More demand without more supply = higher prices.
We've covered this a number of times but you've flatly refused to provide any substantiation of your position: the reason there isn't more supply is because people are leaving houses empty that could be rented out.
Additionally, there are no laws about massively increasing rent because the rest of the market also conveniently decides to do so (see the 20-30% rises multiple years in a row, even though mortgage costs didn't go up enough to justify such an increase).
Also see massive under-investment in public housing, which would reduce demand if we did invest in it.
This housing crisis is entirely of our own making, and we can fix it.
Mark my words, only stopping immigration will not solve this problem.
This is framed as a renting issue. But it's a general housing issue that affects both renters and owners. Houses cost more, insurance costs more, any maintenance work costs more, body corporates cost more. There's really no way to escape the rising costs of housing.
Oh there's a way, you won't like it though