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Is rent control the only solution here? Why not build more housing? Build out and up until the price goes down. Long term I think the solution is to figure out
by safety1st 3y ago
Is rent control the only solution here? Why not build more housing? Build out and up until the price goes down.
Long term I think the solution is to figure out how to structure the national economy so it isn't dominated by just a few cities. This was not always the case and doesn't have to be a given. If the economy itself is less centralized and monopolized the cities will evolve as well.
- lmm 3y ago> Is rent control the only solution here? Why not build more housing? Build out and up until the price goes down. Exactly. At the risk of being accelerationist, rent control is an anti-solution - it prevents the generation with the most political power from feeling the pain, and also removes some of the profit motive to actually fix the problem. > Long term I think the solution is to figure out how to structure the national economy so it isn't dominated by just a few cities. This was not always the case and doesn't have to be a given. If the economy itself is less centralized and monopolized the cities will evolve as well. The main way to avoid it being dominated by a few cities is to give them some competition, by allowing other cities to grow to compete. But unfortunately that hits the same problem of it being functionally illegal to build anything anywhere people want to live.