2 ms·
I think the challenge is that people assume there’s a free market but in housing that doesnt seem to be the case. Restrictions on height, location, design, buil
by thinkingkong 4y ago
I think the challenge is that people assume there’s a free market but in housing that doesnt seem to be the case. Restrictions on height, location, design, building standards, as well as zoning are all constraints that the market operates within. Additionally, many of the affordable units were built with government capital then privatized later only to be torn down or renovicted into different classes of dwelling.
If we had a truly free market up and down the supply chain then perhaps that would alleviate the problem. But that scenario simply does not exist today. Additionally, the market may even correct itself; but not withhout a day on the order of years or decades. Long after those affected will have made decisions as abrupt as perhaps ending their own life.