3 ms·
Govt intervention via tenant laws, homeowner's laws, zoning laws, city councils/planning commissions are preventing new housing from being built- also shielding
by zootam 9y ago
Govt intervention via tenant laws, homeowner's laws, zoning laws, city councils/planning commissions are preventing new housing from being built- also shielding long term residents from increased property taxes- Prop 13
Therefore govt intervention/reform is needed to allow more housing to be built.
It is entitlement on both sides- but the law currently favors long term residents extremely- homeowners feel entitled to keeping their neighborhood the way it currently exists.
Most love the high property value (and low property tax!) for potential retirement and rental income- but some are frustrated their adult children cannot purchase a house and enjoy stability.
New residents feel that the law has been rigged against them and has created this situation.
>If enough people take that approach, maybe the jobs will move elsewhere too?
That is what is starting to happen now, but then there are millions of people desperate for jobs that are willing to put up with terrible conditions to make the finances work.
Given current trends of homelessness (both on street and in vehicles), extreme housing inflation, it will be interesting to see what happens without significant changes.