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5. Make it legal to build more houses We got into this hole by making it illegal to build. For example, it is illegal to build a building with 5 or more homes
by ChadNauseam 4y ago
5. Make it legal to build more houses
We got into this hole by making it illegal to build. For example, it is illegal to build a building with 5 or more homes in 90% of San Francisco. (Buildings with 3 or more homes are illegal in 70%.)
I appreciate galaxy-brained legislation as much as the next policy wonk, but the solution in this case is simple. Making it legal to build homes → greater supply of homes. Greater supply → lower prices.
Ever notice that cars are not that expensive, even though many people absolutely need them and they're very complex machines with high safety standards? It helps that it's legal to build them.
Our current situation is like if we made it illegal to produce new cars. Cars would get really expensive, and you'd had a bunch of people saying maybe you shouldn't be able to write off your rental car depreciation, or own a car you aren't driving, and that producing more cars can't possibly be the solution because most new cars are "luxury cars" and how exactly does more luxury cars help the car affordability problem again?
Sorry, that got off the rails a bit. It's possible that some of your suggestions would be necessary too. But when you find yourself in a hole, your first step to getting out is to stop digging.