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> Do people think they’re entitled to private apartments in the most expensive cities in the world? If the cities weren't designed to inflate home values to en
by rtlfe 4y ago
> Do people think they’re entitled to private apartments in the most expensive cities in the world?
If the cities weren't designed to inflate home values to enrich people who got in early, then yeah pretty much everybody could afford an apartment.
- powerslacker 4y agoThey aren't neccesarily designed that way, it is the reality of democratic local governance that real property owners in a community are naturally going to vote for measures that maximize the value of their property so that they can sell it once the land has a more profitable use than their own. When everyone votes for their own economic interest it tends to make real property more expensive over time.
- rtlfe 4y agoYou're just nitpicking vocabulary. This is exactly what I meant, and I would consider the laws and regulations that result from this process the "design" of a city.