EROEI dictates that as energy costs go up suburban driving becomes unsustainable in combination with mortgages, maintenance costs (car, home and infrastructure) and taxes (for maintaining infrastructure). The only way is increase density and infrastructure, or increase homelessness.People's retirements will go down because once upon a time, someone decided to tell boomers that their house is an "investment".
But really, the main issue is that instead of actually increasing housing supply by cutting regulations, securing raw resources, reducing development costs, and generally creating a smart industrial policy to build more houses, the geniuses in the Executive decided that the best way to get people into homes is to relax lending standards and flood the markets with easy credit.
Lmao. God I hate this country sometimes.
They picked the bold move of increasing homelessness.