4 ms·
They call it 'rent seeking', current owners are able to get a rent(or save paying one to someone else to live there), They do not want competition, so a huge se
by aurizon 6y ago
They call it 'rent seeking', current owners are able to get a rent(or save paying one to someone else to live there), They do not want competition, so a huge sea of interdictory regulations about height, density, green space - you name it - they all exist to block new housing to keep out competition.
Putting it in social terms, what if 1 person could 'buy' the right to date one person. They could date that person, or rent that date privilege out day by day. Note - all these dates are innocent, I am using it as an example only.
So this guy is happy. the rent he gets lets him live well and not work at all. Then a sorority/fraternity house is built, and now there are 20 new people to date - his rent drops by 90% - what is he to do?
He calls the housing inspector, the bylaw inspector, the health inspector and bribes them to enact new laws - the house is torn down and no new houses can be built.
This is the Bay area.