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Zoning and local vetocracy (aka NIMBYism) ruined people's ability to afford home. The horror here is that we have artificially limited house building and at th
by huevosabio 5y ago
Zoning and local vetocracy (aka NIMBYism) ruined people's ability to afford home.
The horror here is that we have artificially limited house building and at the same time encouraged the population to treat it as an asset class.
We treat residential real estate like crypto-bros treat their NFTs.
- strangesongs 5y agoExactly this. Look at the slow-moving nightmare happening in Berkeley because of NIMBYism and CEQA reviews. The city/state/UC system is going to lose an incredible amount of funding and student enrollment is going to plummet because some rich Berkeley assholes don't want new apartments in their neighborhood. California (and all states) need to build massive amounts of housing (any kind! public, social, market-rate, affordable -- it doesn't matter just do all of it at once) to address the immediate demand while we also work on destroying the concept of housing as an asset and not a guaranteed right.