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How is the price of rent going up the fault of landlords, when terrible urban planning (and NIMBYism) has limited housing in the Bay Area for decades. In the B
by georgeecollins 9y ago
How is the price of rent going up the fault of landlords, when terrible urban planning (and NIMBYism) has limited housing in the Bay Area for decades. In the Bay Area, blaming landlords is shooting the messenger. The truth is that in a lot of these places existing homeowners are happy to see people priced out. At the same time, job growth is getting more concentrated in expensive urban environments. Local governments respond to local (property) tax payers, who don't mind gentrification. State and national governments do nothing, because the political pressure is zero. So, yeah blame the landlord.
- kelnos 9y agoYou might try actually reading my comment. I mentioned exactly those other things as well as being partly at fault. Landlords don't get a free pass, though.