> You keep saying this like it's a good thing. That's a disaster - China has 93%. Romania has 95%. Russia has 92%. India has 86%. A 2/3s homeownership rate is an embarrassment, and shows we haven't addressed this problem sufficiently.
I'm specifically responding to the idea that "most Americans" would love to see house prices drop. Only 1/3 of Americans would like to see house prices drop, the rest would be mad. That's why this hasn't been addressed in the past.
> "Don't fix the system; better think of those short term equity values! Even better, don't build housing!"
I'm advocating for building more houses, and am pointing out that the immigration axis is irrelevant to the cost of housing in HCOL areas.
I'm specifically responding to the idea that "most Americans" would love to see house prices drop. Only 1/3 of Americans would like to see house prices drop, the rest would be mad. That's why this hasn't been addressed in the past.
> "Don't fix the system; better think of those short term equity values! Even better, don't build housing!"
I'm advocating for building more houses, and am pointing out that the immigration axis is irrelevant to the cost of housing in HCOL areas.