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Except the rentier class pays off the local politicians to keep land in short supply. Are you telling me you really didn't know about that?
by woodandsteel 10y ago
Except the rentier class pays off the local politicians to keep land in short supply. Are you telling me you really didn't know about that?
- mattnewton 10y agoI think it's less of an outright bribe and more that they are champions of protecting the value of their homes, which they see as an investment and not a commodity.
- darawk 10y agoPretty sure I said that in the second and third lines of my three line comment: > If there is a problem, it's with the availability of land for building new housing. Zoning laws and NIMBYism artificially constrain the supply side of the equation, which drives up rents. There is no extortion happening - just supply constriction.
- woodandsteel 10y agoYes, but you didn't specifically say that this is to a considerable extent due to the rentier class paying for it.