This is EXACTLY what is happening here in Ireland. Housing is unaffordable because too many vested interests need prices to stay high in order to keep the property market viable from an investor perspective. America is going through the exact same neoliberal cannibalisation of society for profit as we are. Just as America could afford to build affordable housing in the 1960s, so could dirt poor Ireland even before joining the EU. Now because neoliberal economics has taken over where the emphasis
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