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Why do you think a state legislature or city government will be able to solve a complex problem like housing prices? Do you know of any successful examples of a
by mevile 7y ago
Why do you think a state legislature or city government will be able to solve a complex problem like housing prices? Do you know of any successful examples of a government intervention in housing prices?
The closest I've seen is recent rules letting developers ignore city zoning rules to combat NIMBY attitudes that prevent additional housing development.
- grandmczeb 7y agoIt’s largely a government caused problem, so why couldn’t there be a government solution as well? Repeal prop-13, reduce permitting costs/time, require statewide by-right, force up zoning, etc. Those are government solutions that would have significant impact if there was political will.
- Tempest1981 7y agoProp 13 was a ballot measure, and requires another ballot measure to repeal. Government can't help with that. But it's an uphill battle, vs groups like California Chamber of Commerce and Howard Jarvis. And they've convinced businesses that higher consumer taxes will hurt their profits, which could be true. So you have strong lobbying against repeal.
- grandmczeb 7y agoI'm aware that prop 13 requires a ballot measure to repeal -- I think we may disagree on the semantics of what constitutes a "government solution" though.
- hkmurakami 7y agoThey can make it easier to build. Or add is often the case, more difficult for municipalities to oppose development projects that meet certain desirable criteria. Examples include SB35 and possibly SB50 in the future.
- burlesona 7y agoVancouver got housing prices to drop by about 20% by taxing foreign investors. https://www.huffingtonpost.ca/2017/02/15/vancouver-average-house-price-january-2017_n_14775268.html https://www.huffingtonpost.ca/2017/02/15/vancouver-average-h...
- nimih 7y agoSingapore fixed a decades-long housing crisis in the mid-to-late 1900s via a massive public housing program.