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The cost of housing is so high because we prohibit building more of it! I helped a friend run for city council years ago at a time when almost everyone else on
by nitrogen 5y ago
The cost of housing is so high because we prohibit building more of it!
I helped a friend run for city council years ago at a time when almost everyone else on the council and the mayor were connected to the property or construction industries. They wanted more development because they got paid -- the cost of housing is high, so let's build more so we can make more money. This is what people who currently live in smaller suburbs or rural areas see as driving the push for more housing -- more greed from their corrupt city council.
- ZoomerCretin 5y agoIn areas where supply is restricted by law, monoplex equity gains are 10-50x greater than developer profits. If you're attacking someone because of greed, the lion's share of the blame belongs with land speculators extracting ever-increasing unearned rents. You're mad because a business is making money? Developers increase the supply of housing. It's a net good that housing supply increases rather than stagnates.
- cheriot 5y ago> the cost of housing is high, so let's build more so we can make more money That's how markets are suppose to work. Make money by making something people want to buy. It shouldn't require a corrupt city council to have enough housing for everyone that works in an area. If you want to stop growth then prohibit office construction.