this post was submitted on 31 Jan 2024
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Except right now, we have enough housing for every person in the country. We just don't have them filled because it's not profitable. Lowering the incentives companies or individuals have for buying houses to keep them empty will ABSOLUTELY curb the rampant housing prices.
Buying houses to keep empty is mostly a land speculation-kind of deal, probably best solved by something like a Land Value-Tax.
Back to the claim though, I'm highly skeptical that the U.S would have a huge surplus of houses in areas where there truly is demand for people to live, i.e. larger cities.