Quote:
Originally Posted by Bill Bumface
Housing policy isn't meant to address immigration/migration.
You've said yourself, having more houses relative to buyers drops prices. That's it. The more we enable people to build, the more we'll see prices soften, exactly as you said.
Sure immigration could negate that, but the same levels of immigration without increasing housing supply would make the situation even worse.
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A housing policy isn't meant to address immigration policy and migration. You don't say.
We can't possibly build enough to have more houses relative to buyers based on the current predicted population increase. The demand is so high, that all that is achieved is more people actually get housing, not at any reduced price. Sure, it helps alleviate things getting worse, but improving the situation is the aim, not just maintaining it.