Have most Western countries mostly given up on supply side policies for housing price stablisation as an option ? Odd given how much construction tech has improved.
Housing prices won't ever stabilize as long as land is a tradeable commodity that 'stores' value. If people can make money with man-in-the-middle techniques and cheap money (low interest rates), then they will, and this will drive the real-estate boom-bust cycle we have that runs on ~18 year cycle (last bust was late 2008, early 2009, prior bust was around 1990) Become communist (or communist lite) and reserve land o…
Since land belongs to everybody and to no one, perhaps we should let the government decide what to do with it. Or at least promote more co-op housing and land trusts.