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I'm not sure I understand the analogy. In the analogy to shoes, there are two types of shoes: a high-end loafer and an elite-brand tennis shoe. How does this
by bko 3y ago
I'm not sure I understand the analogy.
In the analogy to shoes, there are two types of shoes: a high-end loafer and an elite-brand tennis shoe.
How does this translate to real estate? High end real estate and ... not high end? I don't understand how there are only two types of real estate. Condos, co-ops, single family detached, multi family, townhouse, cottage, bungalo, mobile home, Victorian, ranch style ...? It also states there are only a few suppliers, but it seems like there are a lot of home builders. I don't think its as centralized as a lot of other things like electronics suppliers for instance.
The article then goes on to state that zoning artificially dampens supply and subsidies distort the market, and that's true. We should lift onerous zoning requirements and end subsidies. But zoning is a local issue and in reality people want to have some control over the neighborhood they live in. I am probably more anti-zoning than most people, but I would have limits as well. No zoning is great until your neighbor decides to convert his lot into a trailer park. So such a blanket statement is a non-starter in many places. There is definitely that can be done on subsidies and onerous regulations that most people don't like (e.g. parking requirements, contradictory accessibility rules, permits for simple things). And then zoning should be done gradually with the obvious low hanging fruit (e.g. an empty lot is technically a historic site).
- oceanplexian 3y ago> No zoning is great until your neighbor decides to convert his lot into a trailer park. I’m completely fine with this. Let people do what they want with their property. As long as it’s within the law, e.g. noise, crime, not opening a factory in the neighborhood. A couple of RVs or double wides, why do you care? I own rental property and personal property, actually I care a lot more about the neighborhood and property values than the average homeowner. But I’ll tell you what, the so called pro-housing, progressive folks are some of the most racist, condescending people in the world when you want to build low income housing or a trailer park in their backyard.
- gklitz 3y ago> I’m completely fine with this. Let people do what they want with their property. As long as it’s within the law, e.g. noise, crime, not opening a factory in the neighborhood. So your saying that you are completely fine with lifting zoning regulations as long as there are regulations for what the zone can be used for that people are forced to follow?
- SgtBastard 3y agoSnark detected, but there are multiple jurisdictions globally where "zoned-for-residential" actually means regulations rivalling a Tolstoy-epic on what residential use is not allowed.
- power_fart 3y agoThe way I interpreted the analogy was "people would rather be homeless than live in a shitty house". ...i know it's wrong.