3 ms·
I think the parent incirrectly plays into an antagonistic story between renters and landowners, which is not present in a healthy market with balanced housing s
by asabjorn 9y ago
I think the parent incirrectly plays into an antagonistic story between renters and landowners, which is not present in a healthy market with balanced housing supply. However, I do not see how the parent argues against land ownership. The parent quite the contrary argues for more rezoning to meet demand, which to the contrary is very pro land owner since you therefore can extract more value out of your land by building more housing units on it.
- closeparen 9y agoIf so few people want to live in a city that there’s no contention for housing or presssure to increase density, then it isn’t healthy. Even without newcomers, a healthy city would be reproducing at least slightly above replacement, so it would still need to grow. Granted, most American cities are this way. That’s because they are shriveled ruins of their former selves thanks to White Flight and deindustrializaton.
- asabjorn 9y agoWe disagree that prices need to temporarily go up to give developers an incentive to build to meet demand. Landlords will buy real estate from these developers and the normal return should be 3-8% on that investment. There should be a lower return for less efficient land use, buildings that are badly maintained or outdated housing stock.