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One insidious bit here is that as lower-income people are priced out by increasing rents , they can't even go downmarket because of things like this:

Investors Are Buying Mobile Home Parks. Residents Are Paying a Price https://www.nytimes.com/2022/03/27/us/mobile-home-park-owner...

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This is true, similar to what's going on in Australia.

It used to be that you could move into a decent but affordable suburb, 2-3 hours from a major city. That's not really happening anymore for under 1M AUD.

So even just "getting your foot in the door" is sort of out of reach for most people. Interesting times.

The major problem is the artificial limiting of the housing supply; let people build and this problem will be ameliorated. https://urbankchoze.blogspot.ca/2014/04/japanese-zoning.html

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