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I don't get what's so hard to understand. Building housing costs a lot of upfront time and money investment. If the person making that investment can't expect t
by rhinoceraptor 7y ago
I don't get what's so hard to understand. Building housing costs a lot of upfront time and money investment. If the person making that investment can't expect to reasonably make a profit, then there is no incentive to build.
And the argument that luxury housing prices out lower income people from housing is like saying luxury cars price out lower income people from cars.
- sdinsn 7y ago> And the argument that luxury housing prices out lower income people from housing is like saying luxury cars price out lower income people from cars. No, it's not, since the resources needed for housing (land) are heavily limited, while the resources needed for cars are not.
- rhinoceraptor 7y agoOf course the resources needed for cars are limited, that's why they aren't free. Housing on the other hand actually isn't as constrained by land requirements, since you can just build up (provided you're allowed to do so).
- baby 7y agoRent control doesn’t apply to new buildings.