As things become more desirable, they become more expensive. Things don’t rise in prices because someone decided to make them more expensive. A thing rises in price because someone is willing to pay a higher price for it.
The only way to reduce the price of housing is to build more houses, ie, change the balance of supply and demand.
Outside of market forces, low income housing programs exist. But you can’t make an entire city into low income housing.
If you want cheaper housing, move further away from the city, or move to a less desirable city.
Or figure out how to leverage the growth and the desirability of the city you are currently in, to increase your income so that you can continue to live there and grow with it.
6oston t1_j8qakor wrote
Reply to Gentrification by [deleted]
As things become more desirable, they become more expensive. Things don’t rise in prices because someone decided to make them more expensive. A thing rises in price because someone is willing to pay a higher price for it. The only way to reduce the price of housing is to build more houses, ie, change the balance of supply and demand. Outside of market forces, low income housing programs exist. But you can’t make an entire city into low income housing. If you want cheaper housing, move further away from the city, or move to a less desirable city. Or figure out how to leverage the growth and the desirability of the city you are currently in, to increase your income so that you can continue to live there and grow with it.