this post was submitted on 12 Jul 2023
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I think that's the intent right? How else are property values going to stop skyrocketing if no one is under any sell pressure?
Creating sell pressure is a tiny part of the solution. The real problem is supply. We need 10x the current build rate. Zoning laws, out dated transport infrastructure and greedy developers will ensure this remains a decades long problem.
Personally I would prefer if housing prices were brought down by an increased supply of affordable housing at least commensurate with the population growth rather than by forcing people into foreclosure.