4 ms·

There has been a complete and confusing lack of deregulation talk in the inflation discussion and I don’t know why. Your example could also be taken with housin

by medion 4y ago

There has been a complete and confusing lack of deregulation talk in the inflation discussion and I don’t know why. Your example could also be taken with housing - why is construction not deregulated in smart ways to jump start residential building? Building a house is a total red tape disaster.

Nifty3929 4y ago
Because home prices are tracked so closely, sited widely, and used as a barometer of economic success and political success. But yeah I think that's weird and destructive. Wouldn't it be better to prominently track and celebrate how much new housing is built? OTOH, many people have all or most of their net-worth tied up in their home price. So even though NOTHING CHANGES when that price goes up or down, it has a psychological affect on them, who vote a lot.
briantakita 4y ago
HOAs are even worse than county & state governments when it comes to building a house. Many HOAs have building codes which include a minimum square footage. Some HOA regulations require over a 1000 sq ft livable footprint (garages don't count). The problem is HOAs have an incentive to raise property value, which makes it far more expensive for people to build a home to live in. HOAs are incentivized to increase property value of the neighborhood & large houses increase property value. Small plots of land are dominated by HOAs. Finding small plots of "unregulated" (no HOA) land often requires one to live very far from a city & decent grocery stores. I'm not a big fan of the red tape of regulation & how regulations can be abused by large capital, but in the case of housing, HOAs are a bigger problem. Of course, there are also municipal regulations which require small plots of land to be more tightly regulated re: housing. A solution is to improve house design which can be modularly expanded as one gains more wealth. That way, a family can start small & gradually build additions or attach additional modules as time goes on.

by medion 4y ago

Nifty3929 4y ago

Because home prices are tracked so closely, sited widely, and used as a barometer of economic success and political success. But yeah I think that's weird and destructive. Wouldn't it be better to prominently track and celebrate how much new housing is built? OTOH, many people have all or most of their net-worth tied up in their home price. So even though NOTHING CHANGES when that price goes up or down, it has a psychological affect on them, who vote a lot.

briantakita 4y ago

HOAs are even worse than county & state governments when it comes to building a house. Many HOAs have building codes which include a minimum square footage. Some HOA regulations require over a 1000 sq ft livable footprint (garages don't count). The problem is HOAs have an incentive to raise property value, which makes it far more expensive for people to build a home to live in. HOAs are incentivized to increase property value of the neighborhood & large houses increase property value. Small plots of land are dominated by HOAs. Finding small plots of "unregulated" (no HOA) land often requires one to live very far from a city & decent grocery stores. I'm not a big fan of the red tape of regulation & how regulations can be abused by large capital, but in the case of housing, HOAs are a bigger problem. Of course, there are also municipal regulations which require small plots of land to be more tightly regulated re: housing. A solution is to improve house design which can be modularly expanded as one gains more wealth. That way, a family can start small & gradually build additions or attach additional modules as time goes on.