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> zoning laws are not the primary cause of home prices > We ... need to vastly increase supply across the entire country somehow Zoning laws reduce available s
by masterj 2y ago
> zoning laws are not the primary cause of home prices
> We ... need to vastly increase supply across the entire country somehow
Zoning laws reduce available supply by making it illegal or impossible (due to e.g. parking minimums) to build densely in most of the bigger cities in North America
> For some reason it’s ok to talk about this in the context of Canada and how their mass immigration has increased home prices
1. It's not okay to scapegoat immigrants
2. Canada hasn't built enough housing to keep up with a growing population, largely due to exclusionary zoning policies. The vast majority of land in Vancouver is reserved for SFHs, even within walksheds of skytrain stations representing billions of dollars in Provincial investment.
- Auracle 2y agoI know it’s hard for people that live in cities, but you all can’t see the forest for the trees. Even when talking about Canada’s issue you say they haven’t been able to make enough housing…in cities. First off, they can’t make enough housing anywhere. There are only so many home builders, and at least in the US up until the last year they’ve all been absolutely swamped. It takes time for more people to learn trades. When housing is cheap enough outside of cities people move there instead. We see it happen all the time, and it’d happen even more if rural home prices also weren’t going up like they have been - especially now that working from home is here to stay for plenty of companies.