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Those who argue that the housing crisis is a state failure neglect the fact the use of market stock as an investment tool is central to the problem of affordability. If housing is treated as a commodity, with the central goal of extracting a return, the market will price out and displace people. To end the housing crisis, we must end the commodity crisis. It’s well past time we ended both.
David Moscrop is a writer and political commentator. He is the author of Too Dumb for Democracy and a new Substack newsletter. Some people may not wish to…