Re:Software was eating the world – now landlords are eating ...
by arcticbull on Friday August 23, 2019 @07:54PM
(#20784020)
This right here. The price of housing is solely a supply-side issue, and it's all artificial constraints.
The reality is that owners are older, wealthier, stronger-rooted voters -- while renters are younger, transient and don't vote. This is the result.
Things like height restrictions, "shade" restrictions, NIMBY-ism, red-tape -- all the way down to mortgage interest tax deductions -- are to the benefit of owners and to the detriment of renters. They're all political issues that can be resolved but we choose not to.
The reality is that owners are older, wealthier, stronger-rooted voters -- while renters are younger, transient and don't vote. This is the result.
Things like height restrictions, "shade" restrictions, NIMBY-ism, red-tape -- all the way down to mortgage interest tax deductions -- are to the benefit of owners and to the detriment of renters. They're all political issues that can be resolved but we choose not to.