3 ms·
Housing is as regulated in American big cities as it is in Europe. That’s always been the critique in SF and NYC and elsewhere? Aggressive city planning, outda
by dmix 2y ago
Housing is as regulated in American big cities as it is in Europe. That’s always been the critique in SF and NYC and elsewhere?
Aggressive city planning, outdated unchanging zoning, backlogs, rapid growth of heritage building, NIMBY protectionism supported by municipal gov, extreme tenant laws disincentivizing renting half empty properties, etc etc. The only solutions they’ve tried are rent control and extremely slow gov investment in housing which have done nothing to help (rent control historically reduces supply making the problem worse). They’ve tried everything except liberalizing the market and letting people build.
We don’t need to wait for huge gov spending programs to solve a problem when there’s already a mountain of capital waiting to build the second the gov lets them do it.