I guess the solution that our politicians came up with to the over building of homes is to devalue all of ours and reward people who "can't afford" what they bought. Since us taxpayer now own a bunch of worthless property why don't we just level it?
It sounds funny in a way but consider that supply and demand drive prices. Cut down on the number of houses and those left will be more valuable which will stabilize the housing market. There is no shortage of apartments so "affordable housing" is not the problem. No one will be left living on the street.
Why punish those who have been living within their means and reward those who haven't by giving them something for nothing?
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