“We will do literally anything to make housing more affordable except build more of it.”
Forget where I first saw that but it’s absolutely true.
The left will try rent control, subsidies, taxes and prohibitions against speculation, banning AirBnB, etc. The right will try mass deportations and population caps.
Nobody will build more housing because that would work, and home owners are incentivized not to do anything that would work, and homeowners vote in much larger numbers.
The problem won’t be solved until renters out vote homeowners and until everyone who wants more affordable housing stops advocating the solutions that will not work.
How? I can't seem to affect any control the factors that constraint housing. I want to build more, but short of becoming a developer myself, I'm powerless. Even if I were a developer, I'd likely be subject to the same structural forces.
In Switzerland most people rent, in Zurich/Geneva it's more than 80% of inhabitants, doesn't help one bit. I kid you not, we have the renter association that is working tirelessly to prevent new construction.
I guess the motives are not just financial. They’re also just general opposition to change.
There was this weird period after WWII where we built tons of housing. It was a major factor in building the largest middle class in human history. Then we stopped.
Forget where I first saw that but it’s absolutely true.
The left will try rent control, subsidies, taxes and prohibitions against speculation, banning AirBnB, etc. The right will try mass deportations and population caps.
Nobody will build more housing because that would work, and home owners are incentivized not to do anything that would work, and homeowners vote in much larger numbers.
The problem won’t be solved until renters out vote homeowners and until everyone who wants more affordable housing stops advocating the solutions that will not work.