5 ms·
I think this trend is because of two concrete factors: Factor 1 - Very low interest rates allow people to borrow large sums. Factor 2 - NIMBY-ism is in variou
by BurningFrog 5y ago
I think this trend is because of two concrete factors:
Factor 1 - Very low interest rates allow people to borrow large sums.
Factor 2 - NIMBY-ism is in various degrees the de facto policy in most major cities, so very little new housing is built there.
Factor 1 might be ending as we speak, since the Fed is talking about changing policy.
Factor 2... I wish it will change, but don't have a ton of hope.
- davidw 5y ago> NIMBY-ism Bingo. If you want to be part of the solution, this is a good group of people: https://yimbyaction.org/2021/ https://yimbyaction.org/2021/ Although, it must be said that building homes takes time, and getting the politics right takes time, so don't think of it as a short-term solution.
- micromacrofoot 5y agoEven if 2 went away overnight and zoning didn't exist... it would take probably a decade for supply to catch up to demand.
- dimitrios1 5y agoEven if 2 went away and zoning didn't exist, you would still have the banal, inane mountains of bureaucratic spaghetti that slow the process down every step it can, so some of that would have to go as well. AFAIK, one of the main reason California has such a large housing shortage isn't NIMBYs or zoning laws, there's plenty of space after all, but ass-backwards regulations, and stupid politics. Builders want to build. Let's make it easier for them to do that.
- RappingBoomer 5y agoit's not just zoning that makes it hard to build--it's building codes and environmental regulations
- micromacrofoot 5y agothat’s BS, it’s almost entirely single-family zoning and NIMBYs
- BurningFrog 5y agoYeah, I think about half of the SF Bay Area is nature reserves. Millions of people could live there.