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It's not just about the 50K. There's an additional 20% for building impact fees. And all these regulations prevent builders from using more cost effective mea
by pascalxus 10y ago
It's not just about the 50K. There's an additional 20% for building impact fees. And all these regulations prevent builders from using more cost effective means for building.
And, by far, the worst part of it is, it makes innovation in housing a complete non-starter. It's tantamount to: if in the 1980s (before the shape of the internet was known) the government had decided to tax every page download 20 cents. Imagine how much that would have stifled innovation - everything internet would've come to a screeching halt before even seeing what's possible.
Personally, I think these laws are a major crime against humanity. Housing makes up such large percentage of people's spending (50%-65% when you take into account property taxes for 50 years). It keeps you a wage slave for at least 30 years. It doesn't have to be this way - housing can cost a fraction of what it does now without all these regulations, with the right land use policy, the right building materials, using manufactured homes, etc.
- seanp2k2 10y agoLand would still cost a lot because a lot of people who make a lot of money want to live there, and most of them want single-family homes with yards and driveways and school, churches, shopping centers, parks, and residential streets nearby.