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None of these will work. The root cause is the fact that people (incentivized by government) have been using residential real estate as store of value, counting on artificial scarcity (imposed through zoning and other land use laws, which are a taking) combined with price inflation through monetary debasement and low interest rates to drive up valuations. Until the fake value is stripped out and placed into a different store of value, real estate prices will remain detached from reality. Add on the costs of building due to excessive government regulation, and they will never come down; at least until the government and financial masters decide to transfer wealth from the boomers and artificially crash markets.

From: Olympia city council discusses strategies for affordable homeownership

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