Taking a page from the Singapore HDB, housing can be sold/bought by the state, and prices are set by what the applicant can afford, rather than what the market is willing to pay. This allows residents to move to different locations, or change dwelling size to fit their currents needs (marriage, children, empty nesters, divorce, etc.).
I imagine this can work in a multi-city state, too… just need to make sure there is ample supply to allow for migrations without waiting lists.
Unlike rent control on rentals from a private market, price control for a majority public housing system can work, as a black market is hard to establish.
then how would people move?
Taking a page from the Singapore HDB, housing can be sold/bought by the state, and prices are set by what the applicant can afford, rather than what the market is willing to pay. This allows residents to move to different locations, or change dwelling size to fit their currents needs (marriage, children, empty nesters, divorce, etc.).
I imagine this can work in a multi-city state, too… just need to make sure there is ample supply to allow for migrations without waiting lists.
Unlike rent control on rentals from a private market, price control for a majority public housing system can work, as a black market is hard to establish.
curious about how the value is calculated when selling if it is based on the applicant not the state/location of the property?