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The areas that he mentioned are touristy places, with low density, low land prices, and low regulatory burdens. It's _easy_ to build more there. If you're despe
by cyberax 2y ago
The areas that he mentioned are touristy places, with low density, low land prices, and low regulatory burdens. It's _easy_ to build more there. If you're desperate, you can just buy a plot of land and put a mobile home there.
But it turns out that 50-60% of people in these locations are renters. And about a half of them are overburdened (more than 30% of income goes to rent).
The reality is that the short-term rentals expose dirt-poor communities to people with higher incomes. And the way to fix this is NOT to ban higher incomes from moving into low-income communities. Quite the opposite. We need to make more opportunities in these kinds of communities.
Promote remote work, give tax breaks to companies that want to build offices in these areas, etc.