That's the bug right there. Rental housing is a popular investment vehicle, at a ROI of 9.5 % it slightly outperforms the stock market. Any regulation and anything that would decrease profit will be stridently opposed by the wealthy classes. They go and vote and sit on the city council.
Even if you do move back into the same neighborhood after construction is complete and your rent isn't impacted too much (which is not a super common outcome), it's likely the community around you has changed. Gentrification increases the costs of basic food, clothing, and other resources in your area. You're local diner might be replaced with a wagyu beef slinging $15 hamburger joint. It's doing brisk business, but you can't afford to eat there. Your old dinged and dented grocery store or market stall is now a fancy Whole Foods.
That's not to say it's impossible to build or improve neighborhoods, but it's also not so easy as 'just build more on top of existing units.' The disruption and displacement of hundreds or thousands of lives for years is significant.
There's a healthy debate around how best to deal with this -- do we just bite the bullet and build a TON of housing all at once? Do we try to preserve the residency of the people currently living there and build up opportunistically? Do we try to decommodify housing altogether to remove the incentives that lead to this situation? (If we priced housing based on how well it provided housing, rather than based on what the market would bear, we'd see a different sort of situation, I'd imagine.) I dunno, maybe the combination is all three.
I highly, highly recommend this youtube playlist which works through these sorts of things using Cities Skylines (which is a great city sim game): https://www.youtube.com/watch?v=0lvUByM-fZk&list=PLwkSQD3vqK...
Yes, we absolutely should. I live in a tract house/neighborhood from the 40s in the East Bay, which is a cookie cutter house that was constructed en mass, and was cheap (For the time) and high quality. I believe the house was initially purchased for something like ~8k (~140k in 2019 money), but it is worth many more times than that solely because no more housing has been built en mass since the war.
We should of course move onto building multifamily homes, and away from the mess SFH suburbia created, but the principle remains the same: More housing availability pushes down prices for everyone.
I think it needs to be solved at a macro level, in a way that is nuanced and delicate. Because on one hand, assuming the rest of the world doesn’t change, making an area nicer to live is objectively good. And upper middle class people deserve housing too, and landowners perhaps should have at least some level of control over what they do with their property (you can argue that landlording in general could be abolished, but that’s a separate discussion).
Of course on the other hand, it is a shame that poor people have to fight to keep their neighborhoods shitty so that they don’t get displaced to somewhere far away from their jobs and community.
I’m not sure if there’s a great economic solution that still involves a market housing economy. The least worst solution I can think of is to basically carve out special units for the exact people displaced. IE if I want to built a 300 unit condo tower in West Oakland taking up a whole block, I have to provide current-market-rate rents for all the people currently living in that block.
Look at Palo Alto and East Palo Alto.
https://en.wikipedia.org/wiki/East_Palo_Alto,_California
So... yeah, build a ton of housing, but start doing it a lot more in the rich areas that have been exempt from it for far too long.
Also, nobody is entitled to live anywhere they want at whatever price they want. It's this attitude that drives so many "affordable" housing programs that are complete failures (and a tax on the middle class).
It sure worked for Harlem.
In my area, new construction has raised the rent of “nice” apartments and shifted aging properties to Section 8, which is a defacto price floor.
So it's generally hard - for good reason - to persuade young people that any of the political candidates on the slate care about them. This has only barely begun to change recently.
If you want to fix voting for the younger generation the barriers to actually vote need to be lessened if not removed.
Every year more than 1M people default on their student loans, ruining their credit and essentially their lives.
Currently this is a voting block of 8M people and it will continue to grow by 1M every year. There is one candidate who has promised to forgive all student loans, and yet the person won't garner anywhere close to 8M votes.
There is a coordinated effort to indebt young people with loans they will spend the next 40-50 years of their life paying. Their degrees won't even pay for themselves as evidence by the fact these young people who historically could at least move out and begin their lives are no longer able to afford to do so...and when these issues are mentioned people are silenced (or downvoted into the grey so their comments can't be read).
There is more to this than young people don't vote, especially where they have every reason.
However, 8 Million is the potential voting block of people who have already defaulted on their student loans...there are a total of 44.7 Million people with student loans who all would be interested and benefit from loan forgiveness/abatement. To put those numbers in perspective it it just exceeds the number of elderly voters on Medicare (44 Million).
Also, if you live on a red state vote for a moderate. Try to influence the primaries.
Traditionally older people tend to have (or have had) more set schedules/defined work hours, more benefits (paid time off), and better job security in general. I'm not saying it's impossible for kids today to vote, but there are some disturbing trends in employment and the way workers are treated that I can see making it harder than it's been for previous generations.
Previous generations were able to support themselves at least enough to move out of their parent's homes. Young adults today are clearly struggling in ways that past generations haven't had to and that's going to strain how much time and effort they can spend on local and state politics.
Of course none of that addresses the larger issues like voter disenfranchisement and gerrymandering which limit the impact of voters making the effort seem less worthwhile.
I still think young people should do everything the can to get involved and vote, but I'm not going to pretend that any mention of their struggles can be dismissed by calling them "whiny entitled people"
Did I have "a lot going on"? Sure. Do I have utter faith in "The Government" and//or "The Voting Process"? Not really.
But I still vote. It's my right and also, as I've come to see it, my duty. Free speech or no, I believe that if I want to complain about an election and be taken seriously I should participate in it at at least the bare minimal active level.
I've always made time to vote, and at least read the voter's pamphlet if not also further sources to attempt to make that vote an informed one.
Asking for a thesaurus.
I find this a very questionable statement. Most middle age people are working 40+ hours, on top of devoting hours to kids, maintenance etc. They are every bit as busy as young people, if not more so.
Politicians respond to only 2 things, votes and lobbyist dollars. If people want to make a change and have politicians stop ignoring them then they need to establish themselves as a reliable voting block. Until they do this they are just shouting into the wind / twitter / reddit / facebook.
Voting by absentee ballot takes minutes, everyone who want to has time for that.
Since moving to California after that, I've voted by mail as much as possible, and I literally live right next door to my polling station; I see it and their parking spots right out my bedrooms' windows every day.
Seniors have time but have trouble getting to the pols.
Middle age - Are working/picking up kids but still find time.
I think younger people see through the effectiveness of voting. If I do vote my vote seems to really not matter. If all young people vote as a block maybe an issue will be mentioned or moved towards something I like. But the effort / reward doesn't add up when the election is decided in the mid-west and the election is called before my vote is even records as a California resident.
It seems crazy that you are given two choices that basically blame each for everything gone wrong or take credit for everything positive but do the same thing when given the chance.
Liking a photo is so much more rewarding and feels like more of a direct impact.
As long as young people keep thinking like that, and old people don't, old people will keep winning elections.
> If all young people vote as a block maybe an issue will be mentioned or moved towards something I like. But the effort / reward doesn't add up when the election is decided in the mid-west and the election is called before my vote is even records as a California resident.
State and local elections matter too.
Voting is not economically rational if it takes more than zero time, given those odds.
When so many people beat the drum of economic rationality, is it a surprise people don't vote? At most one of "economic rationality is valid" or "you should vote" is a true statement. When we're told that the former is true, we're being told not to vote.
There are modifications of "rationality" that actually provide a justification for voting. But you'll never see an economist acknowledge that superrationality is a thing, for instance.
Is a thing only worth doing if you can cast yourself as the lone hero who turned the tide?
This seems like the Tragedy of the Commons. You fish in a stream, because why not? One person can never eat enough fish to make a dent in the population. Then a thousand of your neighbors fish the same stream. Soon it's completely depopulated, and there are no more fish for anyone, and everyone involved can still say "it wasn't my fault, my impact was barely noticeable."
Either it's nobody's fault, just a totally unavoidable act of God, or it's everybody's fault, and you all should have worked together to address it. Only one of those ways of thinking will get anything done.
So if you aren't the one, single deciding vote it's not worthwhile? That's an immature approach. All the more immature because you go on to couch it in rhetoric about economics and "rationality" that amounts to nothing more than third rate sophistry.
You're not a taxi cab that has to be in service 24 hours a day to maximize utilization. You're a person with responsibilities. Your "economic rationality" is just a lazy justification for only doing what you feel like doing ("provides marginal value!") and never doing anything you don't.
If you're going to be a bum, be honest with yourself and those around you.
In one of those elections, my preferred candidate won by a mere 129 votes out of 2.8 million votes cast:
https://en.wikipedia.org/wiki/2004_Washington_gubernatorial_...
If you don't vote, you won't be able to tell if your vote "really mattered" in an election until it's too late to do anything.
I'm in between generations and watching the old vs young bickering / division is painful to see... but I've also got a low tolerance for a lot of the "OMG boomers" stuff out there from folks who as a whole have a really poor voting record. Get in the game people....