Earlier quoted context omitted.
Sorry to focus on the greedy developers comment, but one thing I'd ask you to consider is that sometimes you need some greedy developers to balance things out a bit. The US has gotten so bad at building housing supply to meet the demand that prices have obviously gotten out of whack. The past several years in Austin, TX, though, as an example, have shown that unshackling some greedy developers to come in and build is…
Things are bad in the US for housing because we count on market forces to provide what's necessary. Market forces shut down development if housing prices drop. After all, why start a project if you have a chance of being underwater by the time you're done with it? see: https://clmarohn.substack.com/p/what-happens-when-housing-pr... If you want affordable housing, it will have to be government-funded, allowing develop…
There's a huge gap there where building housing would still be entirely profitable, if only we didn't have the self-inflicted wound of the permitting and zoning process in most major US being extremely slow and expensive.
For example, new row houses are explicitly or implicitly illegal in many cities (and thus all the old ones are extremely expensive), despite being both immensely popular for urban families and cheap to build in bulk.