3 ms·
Using city governments to tighten the supply of accommodation via zoning laws is only half the story. Using the national government to boost the demand for it v
by vorg 11y ago
Using city governments to tighten the supply of accommodation via zoning laws is only half the story. Using the national government to boost the demand for it via increased immigration is the other half. Countries like Australia and Canada have mastered this, and the parts of the US that didn't experience falls in the price of residential accommodation after 2008 were the places popular with immigrants, particularly those from Asia, like from Seattle down to San Jose. One city currently with high rental costs and property prices is Auckland New Zealand, where the city and the country are almost the same entity, if you get what I mean. Because of onerous zoning laws and a high influx of immigrants and international students, the supply is restricted and the demand is boosted, resulting in skyrocketing rental and sale prices for residential property.
- anti-shill 11y agoyes, the overclass is hitting us with a one-two punch--restrict supply and increase demand.... the key is that we cannot control our own government... I am at my core anti-libertarian because I realize that man is a social animal. But if libertarianism were to truly be applied at the national level, then the fed govt would have little power, and the local govt is more amenable to control by the people. Which might make things a little better. Another problem however is propaganda control of the masses via the educational curriculum, which has warped the worldviews of young americans. That problem will not go away for a long time. I speak here of fake leftism.