Comment by imgabe

> It doesn't matter how many houses anyone owns if you just build. more. housing.

That's what people with disproportionate access to capital would want people to believe. It absolutely matters if there's a ceiling and a floor on the production rate of every aspect of the supply chain of housing. If it doesn't matter how many houses someone owns, then it wouldn't matter if builders don't outpace the ability for particularly wealthy people to borrow and own as much as they possibly can. It's a particular type of commodity that should be appropriately controlled in a way that reduces the whole "tragedy of the commons" type effect.

There's always a finite supply, and there's always some contingent of people who will try and get as much as they possibly can, leveraging as much generational wealth as they need to, if they need to.

There should absolutely be a limit on the number of homes, within a particular region, someone should be able to buy, as long as a sufficient threshold is met for what can reasonably be called a scarcity problem. If an individual average home of any type would require the mean family income to quadruple in order to service the mortage, or the downpayment would require 5x their annual salary pre-tax, that seems like a very liberal threshold.

This is obviously correct. Somehow people just can't accept the pigeonhole principle that if X people are trying to buy Y houses and X>>Y, a lot of them are going to be disappointed regardless of what laws you pass.