Failure of the markets, and capitalism in general. Surely if the markets worked properly there would be ample housing due to demand?
In much of the west we don't really have markets in any useful sense. Overregulation and financialization ruin markets, and we've allowed both to creep into effectively every market that matters.
In much of the west we don't really have markets in any useful sense. Overregulation and financialization ruin markets, and we've allowed both to creep into effectively every market that matters.