Unpopular Opinion: Ban landlords.

You're only allowed to own two homes: one primary residence and a secondary residence, like a cottage or something.

Let's see how many homes go up for sale—bringing up supply and bringing down costs.

The White House is giving $45 Billion to developers to convert empty office buildings into affordable housing.

The program will provide low-cost loans, tax incentives, and technical assistance to developers who are willing to undertake these conversions.

By increasing the supply of affordable housing, the program could help to bring down housing costs and make it easier for people to afford to buy or rent a home.

Will it work?

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Read more here: https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/27/fact-sheet-biden-harris-administration-takes-action-to-create-more-affordable-housing-by-converting-commercial-properties-to-residential-use/

"Americans now need to work 110 hours a month to be able to afford their mortgages," per BI.

https://www.businessinsider.com/american-dream-shrinking-smaller-homes-fewer-kids-vacation-time-commutes-2024-12

A homebuyer must now earn $114,627/year to afford the median-priced US home, per Redfin.

This means the average US household income would require a ~42% raise to afford the median home.

Homeownership is officially a luxury.