this post was submitted on 11 Aug 2026
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Work Reform

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[–] FauxPseudo@lemmy.world 26 points 3 weeks ago (32 children)

Housing became an investment so people bought more than one.

Houses are twice the size they used to be. So they cost twice as much for that.

Houses have a lot more regulations and codes they must comply with. Your 1970s wiring is out of code and the new stuff is more expensive. 1970s plumbing is out of code and more expensive. Your 1970s insulation is woefully insufficient and cost more money. Your 1970s house didn't come with an AC unit. Your 1970s house did not have built-in fire suppression.

We build less houses now than we did in the 1970s.

Any one of these four factors would have caused house prices to move up faster than inflation. All three of them together created a perfect storm.

[–] baltakatei@sopuli.xyz 23 points 3 weeks ago (3 children)

People should be taxed up the wazoo for any property they personally do not occupy.

[–] qat@feddit.nl 4 points 3 weeks ago (2 children)

That just increases rental prices (making buying more attractive, but that's not an option for many people, and also supply is constrained).

I think the best is just to not allow buying a home for the purpose of renting it out. If you want to rent out a property, sure, but you need to build one first.

[–] Tja@programming.dev 3 points 3 weeks ago

Or it will increase supply (there are millions of unoccupied units purely for speculation) and lower rent prices.

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