this post was submitted on 24 Sep 2025
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We need this in North America if we ever want to solve the housing crisis tbh. I'm talking Soviet-style, grey concrete commieblocks. Yes the buildings are ugly, probably lack amenities, cheaply constructed and not well maintained, but we desperately need cheap, dense housing if we're going to bring down the costs. Building more luxury Manhattan condos and suburban single family abominations does nothing to bring down housing prices.
The problem is that, for the property owning class, the unaffordability of homes is broadly a feature and not a bug.
For the property investor class. I assure you, the average homeowner isn’t happy about the idea of increased property tax, nor having to spend more if the want to upgrade to a bigger home.
Of course if you’ve got a mortgage and property prices go up, you can leverage that into and easier upgrade because you can use the increased equity in your property as collateral. I know someone who got a huge boost during COVID that way. Tiny studio to 3 bedroom. But mortgage payment went up 2 or 3 times too, so that doesn’t work if property becomes unaffordable altogether.