Re:Austin's Surge of New Housing Construction Drove Down Rents
by btilly on Thursday March 19, 2026 @04:27AM
(#47436433)
Given the choice between being homeless and living in favelas, millions in Brazil have chosen to live in favelas.
The reality of zoning laws in Western countries is to provide a target for regulatory capture by the NIMBY crowd. With the result that we're systemically underbuilding housing, then wonder why we wound up with homelessness.
Re:Austin's Surge of New Housing Construction Drove Down Rents
by baq on Thursday March 19, 2026 @06:31AM
(#47437184)
Favelas are a local optimum which systemically is very difficult to get out of and is a sign that the regulator is powerless. It's a great example of a market failure.
The reality of zoning laws in Western countries is to provide a target for regulatory capture by the NIMBY crowd. With the result that we're systemically underbuilding housing, then wonder why we wound up with homelessness.