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> Perhaps my view is too California-centric, but IMHO the biggest parasites are the rent seekers of homeowners and landlords. How are home owners "rent seekers
by robertlagrant 2y ago
> Perhaps my view is too California-centric, but IMHO the biggest parasites are the rent seekers of homeowners and landlords.
How are home owners "rent seekers"?
- epistasis 2y agoHome owners block new housing to drive up their home valuations, treating housing as an investment and pricing out an entire generation.
- robertlagrant 2y agoI think you're mistaking a small subset for the general set of home owners. The root cause of what you're talking about is demand is exceeding supply, by quite a long way. The population is growing - through various means - faster than homes are being created. That means a few home owners will do what you describe.
- KingMachiavelli 2y agoProp 13 means local municipalities need to extract higher fees and taxes on new construction compared to existing property. Higher development costs/prices cause dead weight loss and therefore block/reduce new development.