> But housing is an investment, not necessarily an expense.
This attitude is exactly why HCOL cities are HCOL cities, and why said cities have been pushing their low-income residents further and further into the suburbs (or into entirely different metropolitan areas!).
The sooner we can do away with this attitude of land being something to hoard instead of something to be used, the sooner we can start actually addressing things like income inequality. And in the process, doing away with this attitude will almost certainly put a massive dent in the NIMBYism that plagues a lot of these same HCOL cities.
This attitude is exactly why HCOL cities are HCOL cities, and why said cities have been pushing their low-income residents further and further into the suburbs (or into entirely different metropolitan areas!).
The sooner we can do away with this attitude of land being something to hoard instead of something to be used, the sooner we can start actually addressing things like income inequality. And in the process, doing away with this attitude will almost certainly put a massive dent in the NIMBYism that plagues a lot of these same HCOL cities.