1: I use this term deliberately and with intention plus restraint, having suffered through these for years now. I hope you never experience the misery that is an HOA.
Prevent new housing and complain about prices is the dominant position. And elected officials comply. Democracy is functioning.
Or about a collapsing tax base when stuff like a commercial real estate collapse occur.
I often see new buildings criticized because they will raise the average rent in the area. And people accept that argument. Think about that for a moment.
New construction was expensive, so they geared the apartments towards the upper end of the market. Rents at existing places didn't go down; if anything, it gave them an incentive to go up since they wouldn't be the most expensive place anymore if they did.
Loans and what not put a price floor on the rents of new units; given how hard it is to evict bad tenants (especially with the current backlog), and how hard it is to bring prices back up in rent controlled cities, they're just as well off leaving units empty at full price as they are renting below cost just to stop the bleed.
It's not. But it's wasteful in an urban core, where that lack of density forgoes real economic opportunity. It also creates an easily-identified cause for the lack of housing supply.
Which is why SF is so poor and underdeveloped.
> It also creates an easily-identified cause for the lack of housing supply.
An easily identified excuse. Now do suburban Tennessee.
No, it's one reason why some US cities are becoming increasingly unlivable for anyone outside the upper-middle class - those who sell your groceries, make your lunch or deliver your packages (to name only a handful of occupations).
> An easily identified excuse. Now do suburban Tennessee.
Is suburban Tennessee an urban core?