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   Charles U. Farley (freakazoid@retro.social)'s status on Monday, 12-Sep-2022 12:05:10 JST Charles U. Farley

   If the government gives you a loan to buy a house that costs 5x what it should, is it really you they're helping?

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     Charles U. Farley (freakazoid@retro.social)'s status on Monday, 12-Sep-2022 12:05:11 JST Charles U. Farley

     in reply to

     • Andrew

     @amiloradovsky It's hard to prove exactly how much housing is inflated, but you can look at historical growth rates and the effect of restrictions on building and demand-side subsidies.

     The most telling is to look at places like Tokyo where construction policy is set by the national government and not the locals. Tokyo is expensive, but housing prices there have been stable for a long time because they just build whatever they need.

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     Andrew (amiloradovsky@stereophonic.space)'s status on Monday, 12-Sep-2022 12:05:18 JST Andrew

     in reply to
     @freakazoid how to define what it "should" cost?