this post was submitted on 23 Aug 2023
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The real estate market is in shit because it is already heavily regulated.
Yes... heavily regulated... thats why an entire generation of people live with their parents because housing costs are many orders of magnitude too expensive for them to afford. Yup. That's a clear sign that the government is putting heavy regulations on the cost and distribution of real estate.
I'm sorry, but the very premise that in our present society real estate is even lightly regulated is utterly ridiculous on its face value. As is the concept that deregulation will make housing affordable. Letting landlords and capitalists do whatever they want with all property will somehow make property cheaper? People motivated solely by profit will make everything cheaper? No, they will continue to sell property at increased costs so they can increase their profits as they always have.
Are you really that ignorant of the housing market? Zoning regulations are the #1 blocker for new housing being built. More regulation = less housing. Just think about it for half a second.
Also, more housing = lower cost. Supply and demand, dude.
I'd argue it's more the homeowners themselves. They don't want high density housing built near them because it drives down the value of their house, so it doesn't get built. Voting records tell that story extremely well.
You'd be wrong. Local homeowners don't vote on new construction. That's not how any of that works.
Homeowners absolutely have a say in their local elections, and there are many cases where they've directly prevented projects from moving towards.
...by convincing regulators
Local homeowners vote on zoning policy tho so he's basically being correct, just not about the mechanism.
Local homeowners typically vote on representatives who then set local zoning laws. But either way, guess what that's called? Yep, regulation.