• BlameThePeacock@lemmy.ca
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    6 hours ago

    I do mean renters will have more leverage once home ownership rates drop.

    We will never build enough homes to drop housing prices to affordable levels. Prices can’t just stop growing, they have to actually drop, and developers will run away from projects the moment prices start declining. We’ve already seen a slowdown in construction in the last year as home prices stagnated.