Re:Seattle looks to rein in state policy used to push back o...
by Brozilean on Monday October 07, 2019 @08:10PM
(#21187358)
Or it's because those with money to build property are inherently exploitative of those living there.
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Re:Seattle looks to rein in state policy used to push back o...
by dev_dull on Monday October 07, 2019 @11:22PM
(#21188422)
It’s better that chunk of land stays an empty lot and we all pay more and more for rent. Otherwise we’d be getting exploited!
Re:Seattle looks to rein in state policy used to push back o...
by dgoldstein0 on Tuesday October 08, 2019 @06:03AM
(#21190479)
And the best way to fuel that exploitation is to give the existing set of landowners an effective monopoly by disallowing new construction. If we instead encouraged new construction (via less red tape and other means) we should expect rents to go down as the supply expands - or at least for them to rise less.