> * Cost of living only works for so long. We've seen areas in the last decades that have an influx of population and they usually see a corresponding increase in COL. There are approaches governments can take to slow down the growth of COL, but it seems inevitable.
COL increases because it is difficult or impossible to build new housing, and because single-use zoning requires creating massive amounts of infrastructure since it is illegal to build work and shopping near where people actually live. In addition, taxing property value disincentivizes developing land, leaving empty lots in even the most valuable places to build: https://www.youtube.com/watch?v=gJqCaklMv6M
COL increases because it is difficult or impossible to build new housing, and because single-use zoning requires creating massive amounts of infrastructure since it is illegal to build work and shopping near where people actually live. In addition, taxing property value disincentivizes developing land, leaving empty lots in even the most valuable places to build: https://www.youtube.com/watch?v=gJqCaklMv6M