[gotribe]

No one’s building houses because there are too many on the market. Reduce supply by bulldozing them.

[Cheap_Hessian]

Destroying perfectly good assets does not create wealth and will not solve economic problems. If we are going to destroy houses to just build the same houses again, why don't we just pay people to dig ditches and fill them up again? Nobody needs incentives to build houses because we already have a glut of them. The free market corrects this glut by reducing the incentives to build more.

Destroying houses would be like cash for clunkers all over again. I expect these types of unethical price manipulations in Venezuela and China. America should be different by relying on economic freedom and true price discovery. Please no more quick fix gimmicks!

Letting housing prices fall will also allow consumers to start buying houses again. I can understand that nobody wants to be a bag-holder for buying an overpriced house, but I do not see why homeowners are too big to fail along with the banks.

Also remember that demand is limitless, but supply is scarce. You can never truely satisfy demand, but you can always supply nothing. |supply = wealth | demand = nothing| So, destroying supply is destroying wealth, and stimulating demand is futile.