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>Developers providing overwhelming amounts of funding for political campaigns The developers who provide overwhelming amounts of funding for political campaign
by Consultant32452 9y ago
>Developers providing overwhelming amounts of funding for political campaigns
The developers who provide overwhelming amounts of funding for political campaigns are generally the ones trying to build new housing. So they're the opposition to the NIMBYs, they're your friends in this case.
>razor-thin profit margins on non-luxury condos
If the profit margins are razor thin, then there's probably an over-supply.
>setbacks
lolwut?
>foreign millionaires, local millionaires
The best way to fight them is to allow supply to increase at a rate to meet the market demands such that buying property and leaving it empty is a bad idea. Or at least isn't harmful to others who will still be able to find supply.
>rent control
This is again, something the local voters have done to themselves.
>parking requirements
If you build a new condo or whatever that has no parking you're probably going to go broke because no one will want to purchase your condos.
>inadequate transit, low land taxes, demand for school districts
Luckily we'll be building a bunch of new expensive properties who will be paying new higher taxes. Or better yet, we'll have AirBnB places that pay the same taxes, and bring in tourists who will pay sales taxes, etc. but won't be using most of that infrastructure like public schools.
>the average homeowner having most of their wealth locked in a single illiquid asset,
This is not something that stops new development, unles those average homeowners are the NIMBYs.
>limited capital gains taxes on property appreciation.
This certainly isn't something that stops new development. In fact, it should encourage it.
>There is no single lever that you can turn, and solve the housing problems of Seattle, Portland, San Francisco, Philadelphia, or NYC.
Sure, there's no SINGLE lever, but the biggest lever that will have the most impact is to let the market decide what kind of housing and how much to provide.