this post was submitted on 20 Sep 2023
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I don't think any one thing is gonna be a magic fix. We gotta do all the things rather than focus on just one aspect.
Or just wait. The housing market has quite clearly crashed already, peaking in 2022 and dead cat bouncing over the past few months. It took around three years for the US housing market to go from crash to finding the bottom during their last event. It is likely we will see something similar play out here.
Of course the politicians know that which is why they are just now all of sudden, after decades of ignoring the issue and trying to pass the buck to other levels of government, ready to swoop in as the saviour. "Look what I did!" they will proclaim, even though it will have nothing to do with them.