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"Oh, looking at this it is worth remembering that NIMBYism and real estate prices are one of the biggest drivers of inequality in the world." I am not sure tha
by rsync 9y ago
"Oh, looking at this it is worth remembering that NIMBYism and real estate prices are one of the biggest drivers of inequality in the world."
I am not sure that is the case.
Certainly the growing inequality between the falling middle class and the increasingly rare upwardly mobile class could very well be due to the factors you cite.
But the biggest inequality (both globally and locally) is between people who have literally nothing - as in, zero dollars - and people who have (anything more than zero). Even if you live at the poverty level and have no assets you are still infinitely better off than someone with nothing.
That inequality gap is not due to zoning laws or illegal sublets or OMI evictions or whatever.
- ucaetano 9y agoThat's exactly the case I talked about, growing inequality, driven by higher returns on capital, is drive actually by higher returns on housing, due to NIMBY laws.