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Maybe I’m naive, but isn’t this exactly the type of thing capitalism is good at doing (lowering prices)? My understanding is that greedy capitalists would love
by bigyikes 6y ago
Maybe I’m naive, but isn’t this exactly the type of thing capitalism is good at doing (lowering prices)? My understanding is that greedy capitalists would love to build more, denser housing here in the Bay, but are unable to due to zoning restrictions as the parent comment suggested. Why isn’t this a problem capitalism can solve?
- lucasmullens 6y agoCapitalism itself can't get rid of zoning restrictions, only government can.
- jonny_eh 6y agoBut local residents block new developments, using zoning and other methods, since new developments (affordable or not) lower their own property values.
- miltondts 6y agoThere is not much money to be made by building things, at least compared to the money you can make by renting and making sure the supply is constrained.