im continually pretty shocked at how much 'housing is expensive' discourse is dominated by anything other than "it's usually *illegal* to build more housing"
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A huge part of homes being expensive is that interest rates are low. Generally speaking the price of homes rises but the cost of servicing loans stays the same. Which how most people establish what they can afford
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Places like NorCal allow 1000s of new office seats a year and essentially zero housing. In the really broken places it's supply and demand can't point fingers at fed policy it is not the issue. The NIMBYs do that to distract from ever building.
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It is illegal as that is what current residents want. The dirty secret in high cost cities is most people don't want population growth
I live in SF. People recoil when I tell them housing will be affordable when they're enough units for 1.5 million people at least
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It’s starting to feel like human nature, where population growth or change is an invasion of sorts.
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Right?! I have ten acres in the forest and I'd put several tiny homes on it if it was allowed.
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It seems many people don't know that supply affects prices. Not even joking here.
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