It is not really feasible to create more land in the center of Chicago for example- so if you want to live in a three bedroom 2500sqft house in Chicago- your options are finite.
It is possible to create effectively infinite money, as money doesn’t even need to be physically printed or the value is intangible- so it can be changed as desired.
Enter the problem.
Giving people more money has a limit on what it can do for their ability to afford a standard of living because as you increase the amount of money and the total resources on earth remain effectively finite, you end up just making the money worth less, you don’t make the finite items cost less.
If we reframe things, if you can’t afford a home in XYZ area, it isn’t because the home is costs more money than you have, it is because the home has greater value due to scarcity than your buying power can achieve.
Take money out of it and pretend we live in a barter system. What would you need to trade to afford a home in the Dallas Suburbs?
The size/resource cost, importance, and scarcity of homes generally means that you’d need quite a lot to trade which the owner values or can readily be used to trade for another home etc.
If you don’t have the resources to acquire a home you don’t. That’s not a money problem so much as a value problem and in a “free market” the value of the home is only indexed to demand and the asking price of similar items. So long as someone with greater buying power wants the item and the item is scarce, you can’t likely have it in an open market.
It is possible to create effectively infinite money, as money doesn’t even need to be physically printed or the value is intangible- so it can be changed as desired.
Enter the problem.
Giving people more money has a limit on what it can do for their ability to afford a standard of living because as you increase the amount of money and the total resources on earth remain effectively finite, you end up just making the money worth less, you don’t make the finite items cost less.
Take money out of it and pretend we live in a barter system. What would you need to trade to afford a home in the Dallas Suburbs?
The size/resource cost, importance, and scarcity of homes generally means that you’d need quite a lot to trade which the owner values or can readily be used to trade for another home etc.
If you don’t have the resources to acquire a home you don’t. That’s not a money problem so much as a value problem and in a “free market” the value of the home is only indexed to demand and the asking price of similar items. So long as someone with greater buying power wants the item and the item is scarce, you can’t likely have it in an open market.