Really excellent podcast by Strong Towns on why housing advocates want cheaper houses but falling housing prices is a full on disaster for capital. i.e. the house isn't the product, you as the mortgage holder are. Also, how microloans can get people who need affordable housing the most into actually affordable housing.
The Housing Market Can’t Tolerate Lower Prices. Now What?
No matter how easy we make it to build, the existing housing system is based on a financial model that cannot tolerate lower prices. If falling prices is the goal, then we need to build a system that can deliver on it. In this episode of the Strong Towns Podcast, Chuck explains how our current system prevents prices from falling and how we can build a better one. ADDITIONAL SHOW NOTES Learn how to actually make housing affordable with the Housing-Ready Toolkit. Chuck Marohn (Substack) Want to bring the conversation to your city? Book Chuck Marohn as a speaker. This podcast is made possible by Strong Towns members. Click here to learn more about membership.