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Why is musical chairs with a finite resource a problem? We do this with most finite things right, oil, gas, water, food, etc? The supply is usually slightly les
by rubyfan 11y ago
Why is musical chairs with a finite resource a problem? We do this with most finite things right, oil, gas, water, food, etc? The supply is usually slightly less than needed, pegging prices such that it's available (not free) at a profitable rate. The problem here seems like people feel entitled toward something they cannot afford and will sue in light of their inability to pay.
- apendleton 11y agoYou're talking like this is a free-market situation. It's not, because supply is being artificially constrained below what the market could naturally and profitably support, by overregulation of new construction. We don't take too kindly to all of the holders of oil, gas, water, or food conspiring to restrict its availability to drive prices up either.
- eggy 11y agoI agree, it is hard to talk of free-market solutions when there are so many government restrictions and regulations already in place. You can't make more houses if there is not enough area on a give plot, unless you build up, which is not easy to do safely, and inexpensively in a seismic zone. I was born and raised in Brooklyn, and lived in Manhattan later. I had no problem seeking a life outside of NYC when I couldn't afford it. My father moved out of the apartment he was in for over 40 years, and found a new place for a bit more, that has given him a new life and social circle. It's not always a bad scenario. You find your way or place.
- apendleton 11y agoThese are factors, but what's discussed in the article is not regulation due to safety, but regulation due to existing homeowners in the neighborhood not wanting their property values to go down as a result of the increased supply. That's just brazen market manipulation via control of the city government. Cities should have a role in making sure construction is safe. They shouldn't, in my opinion, have one in protecting the financial assets of incumbent homeowners.
- rubyfan 11y agoProtecting property rights is one of the only legitimate purposes of government. Incumbent property owners should absolutely use their government to both protect and even improve their assets. Life, liberty and the pursuit of property/happiness.
- rubyfan 11y agoYes we don't take kindly but said resources are almost entirely subject to conspiracy in one way or another either to suppress or inflate rates. Living space is like any other resource, scarce but sometimes alternatives exist, ie. move to a different location for better access to resources on more favorable terms.
- cowsandmilk 11y agoWhat if the people who currently have food were able to get together and decide no one was allowed to grow any more food. They would also declare grocery stores would not be allowed to restock, then put in a zoning ordinance saying new grocery stores could only sell 1/10 the amount of food that existing grocery stores sell. That is what is happening with housing. Land might be finite, but housing stock is nowhere near its limits. Developers are more than willing to spend money to build more. It is not being built due to the opposition of those who already have a place to live.
- rubyfan 11y agoI mean no disrespect but this is bizarre to me that people believe developers should have more access or protection than incumbent property owners. Seems like exactly what government should be doing. This is why we have borders, immigration laws, zoning, licensing, etc. isn't it?