4 ms·
You call them rent seekers, but the vast majority of the anti-builders I see around the Bay Area are home owners who worry about traffic or some such. It's not
by matt_wulfeck 10y ago
You call them rent seekers, but the vast majority of the anti-builders I see around the Bay Area are home owners who worry about traffic or some such. It's not some big conspiracy to increase profits. It's incumbent nimbyism.
Attend a town hall meeting where they're discussing a new apartment building and you'll meet them.
- davidf18 10y ago> "You call them rent seekers, but the vast majority of the anti-builders" Many people have the vast majority of their wealth in their homes and as such want laws that increase the value and not laws that decrease the value by increasing supply. Regardless of the stated reason, the scarcity and rising prices thus market inefficiency are politically induced. Many people have advocated for "Green Belts" parks with the true intent of decreasing available land to increase scarcity.
- sf_rob 10y agoEven a lot of bay area renters are anti-development. "They're just going to build luxury condos and destroy the neighborhood character" is the go-to phrase.
- davidf18 10y ago> "Even a lot of bay area renters are anti-development." They might be receiving some sort of rent control so that their rent is far below the market price. I know there are a number of people in NYC that live in rent-controlled, rent-regulated apartments.
- travmatt 10y agoYou literally described rent seeking activity