4 ms·
Even making it a proper market would help! The problem is that people in general are very averse to changes, and cities are stuck in a very bad policy pit. (Bui
by pas 2y ago
Even making it a proper market would help! The problem is that people in general are very averse to changes, and cities are stuck in a very bad policy pit. (Building is hard, but even when finally a project is greenlit it barely moves the needle, adding supply is not happening fast enough because there's this fear of high buildings. And, on the other hand, there's no quota or lottery for moving, which means prices going up ... so the system is completely neglecting to care about pricing out incumbents.)
https://www.noahpinion.blog/p/market-rate-housing-will-make-your https://www.noahpinion.blog/p/market-rate-housing-will-make-...
- hnbad 2y agoI don't see how the housing market could ever be less exploitative than the healthcare market given that you literally need a place to live the same way you need to not die and that there's more money in building extremely expensive housing and hoping it sells than building affordable housing and just about breaking even.
- pas 2y agohousing is much more transparent, people shop around, there are sites to check prices, there are short term solutions, people can spend a few nights at friends and family. for most of the US healthcare comes from their employers, which is the direct opposite of an efficient market. getting claims validated and actually getting reimbursed or getting treatment is the problem, and the abysmal quality is ... because there's no incentives to have it better, lack of competition and/or oversight (because lack of funding for authorities, no real consequences for providers if they miss deadlines, etc) . . the big problem is that currently affordable housing is fucking expensive too, because of small volume.