Re:Americans Are Moving at the Lowest Rate on Record
by bluGill on Thursday November 21, 2019 @08:49AM
(#21593918)
The best time to build affordable housing is 20 years ago. The second best time is now. Unfortunately zoning rules mean you cannot build in places where there is demand, so supply and demand result in high prices. However if you already have a house this works in your favor: when you do sell out your house has gone up in value a lot more than inflation, while if your neighbor had built a large apartment next door your house value wouldn't be as high.
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Re:Americans Are Moving at the Lowest Rate on Record
by skohan on Thursday November 21, 2019 @10:08AM
(#21594766)
> when you do sell out your house has gone up in value a lot more than inflation, while if your neighbor had built a large apartment next door your house value wouldn't be as high.
This is an example of the issue I was talking about: it functions as an inequality accelerator. People who are already "in" have the power to set the rules of the game to be even more advantageous to themselves.