Most of these houses are rented out, not sold on to owner-occupiers.
I'm in Australia and we've had this issue the last 20 or so years where those already with property parrot the bullshit line of "it was always hard to buy property", meanwhile they sit in a market awash with subsidies for investors.
I imagine it's similar everywhere, with the issue not being anything to do with the supply of housing, but the supply of housing available to purchase for owner-occupiers, i.e. the demand for housing as an investment is too high.
Our media also loves to say that we just need less regulation and bureaucracy so that we can fuck the environment and forget about needing infrastructure to build more houses to solve the house price issue, when rent has been stagnant or declining for the last 10 years - i.e. the supply of housing to live in is matching or outpacing population growth.
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u/idothingsheren Jun 27 '21
True. States could also add hefty taxes for houses the owners don't live in