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Perhaps by national governments preventing local governments from artificially restricting the supply of housing? Local governments will always want those restr
by lopmotr 8y ago
Perhaps by national governments preventing local governments from artificially restricting the supply of housing? Local governments will always want those restrictions because their local homeowner voters will want it.
- sokoloff 8y agoAt least one national government was founded on the basis that those powers not explicitly granted to the national government nor reserved for the people remain in control of the states which united to form it. (That's not to say that they've followed that doctrine, but I predict it would be a long Constitutional challenge for that country to settle that real property [generally immobile, of course] is part of "interstate commerce".) That national government could however put a lot of pressure on the states and local governments by banning federally guaranteed housing loans in areas where zoning laws were not to their liking. This would have a temporary effect (while it was being battled out) of smashing the property values of the little guy homeowners (whose next buyer will likely be taking a federal-supported loan), while leaving the jumbo loan market relatively untouched, so it's a pretty nuclear option to try to accomplish in any kind of a rapid fashion.
- fjsolwmv 8y agoCalifornia is as big as a nation.