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In the USA step one would be to somehow build like 30 million houses so that the 10% extra rule could be established. That is an immense undertaking. Totally do
by bradfa 26d ago
In the USA step one would be to somehow build like 30 million houses so that the 10% extra rule could be established. That is an immense undertaking. Totally doable but it will take more than one government administration so has effectively zero chance of success.
- dlcarrier 26d agoWe already have a 10% rental vacancy rates in Arkansas, Florida, Louisiana, and Texas, (https://ksdata.ku.edu/ksdata/ksah/housing/4house1.pdf https://ksdata.ku.edu/ksdata/ksah/housing/4house1.pdf) despite some of those states having the fastest growing populations (https://www.visualcapitalist.com/us-population-growth-by-state/ https://www.visualcapitalist.com/us-population-growth-by-sta...), so if the remaining states adopted their approval process for building housing, we could get there without much difficulty. That alone would probably be enough of a relief on housing that we wouldn't need to take any of the more drastic measures, and it effectively costs nothing fiscally to implement.