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Right, if people who live there want to prevent apartments from being built, that will drive up costs. Why does that need to be prevented? Why is the lack of af
by darren0 8y ago
Right, if people who live there want to prevent apartments from being built, that will drive up costs. Why does that need to be prevented? Why is the lack of affordable housing a crisis?
Eventually it seems the market will level out. If people can't afford to live there then industries will leave. At that point people living there will have to decide if that's okay or they should change policy to be more accompanying.
- zagzagal 8y agoMost communities try and walk a fine line trying to prevent boom and bust cycles. While creative destruction is a necessary part of free market theory it is beyond scary when it comes to peoples communities. That fear and the reality that some of the losers of the market correction are people that one may know personally are why that true free market is never seen in housing.