this post was submitted on 06 Oct 2023
908 points (97.0% liked)

World News

32048 readers
1160 users here now

News from around the world!

Rules:

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 38 points 11 months ago (2 children)

Rent is only high because of artificial scarcity of real estate. The scarcity only exists because building new housing is decided neither by supply and demand nor central government planning, but by the people who accumulate more capital if housing isn't built.

[–] [email protected] 15 points 11 months ago (1 children)

We really need to push for the feds to step in and start constructing government housing against the will of the NIMBYs and local and state governments then.

[–] [email protected] 6 points 11 months ago

California has finally started forcing local governments to build more housing to stop the NIMBYs bit it's still going to take so many years for housing to catch up even if they start now.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

![porky-scared-flipped](https://www.hexbear.net/pictrs/image/dc71f882-d43c-4e7a-85ec-963c0bb858e9.png "emoji porky-scared-flipped"): "Did you just suggest walkable communities with plenty of brownstone townhouses? Whoa WTF I love regulations now!"