I wish there was some way to fix the incentives so people valued growth properly. Currently the incentives are broken. If you buy in you’re incentivized to lim

I wish there was some way to fix the incentives so people valued growth properly. Currently the incentives are broken. If you buy in you’re incentivized to limit any future growth to capitalize your ownership of restricted supply. This takes many forms, but zoning, “neighborhood character”, “environmentalism”, noise, shadows, etc. - it’s all about supply restriction. If there was a way for everyone to get the increased value that came from growth more explicitly then I think the political incentives would shift. You’d still have to overcome some status quo bias, but at least there wouldn’t be a direct economic incentive for owners to restrict supply. No idea how something like this could be structured. At least new RHNA numbers seem good, I’d also like to see something that revokes prop13 protection for localities that block new housing. If you’re going to fuck everyone else over, you should at least have to pay for it.