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It's just exposed and accelerated an underlying issue in housing policy. When demand goes up supply is also supposed to go up to meet demand in a healthy market
by pertymcpert 8y ago
It's just exposed and accelerated an underlying issue in housing policy. When demand goes up supply is also supposed to go up to meet demand in a healthy market, but because of artificial supply restrictions this is what happened. The government is to blame.
- TimTheTinker 8y agoNew housing development plans in the Valley, especially plans for higher-density developments, suffer from zoning restrictions arising out of “NIMBY” attitudes at the local level. However, I don’t think that’s the state or federal government’s responsibility to change. If American government is truly to be “of the people, by the people”, then the people’s decisions at the local government level ought to be respected, including letting them suffer the consequences of bad choices. If anything, the local zoning issues should be fought via campaigns to persuade local voters of better approaches. Fight a bad idea with a better idea. Not every local policy problem should be fixed with a new law from the state or federal legislation, or with federal/state funding incentives.
- dcosson 8y agoI don’t see why there’s anything inherently better with having this happen at the local level vs the state level. If a majority of Californian voters have elected state legislators who will vote for these policies at the state level, that’s just as valid, and still a completely democratic, path towards change as having it happen city by city.
- TheTrotters 8y agoThat’s a road to not only maintaining the status quo but worsening the root cause. If you ask people if they’d like their home prices to fall and new people to move in, of course they’ll vote no. The problem is that many people who are hurt by NIMBY laws don’t live in the relevant cities. They live somewhere else in California, or in Wisconsin, or Nebraska, or Georgia.
- jogjayr 8y ago> including letting them suffer the consequences of bad choices. The people voting NIMBY don't suffer any consequences though. VCs and big tech companies are happy to throw money away on higher salaries. Prop 13 keeps property taxes low for existing homeowners. The only people who actually suffer are those forced into homelessness and (to a lesser extent) those paying ever-higher rents for aging housing.