Every single major population center that has distorted (high) housing costs relative to income, also has very strong protections for the existing home owners (NIMBY).
"There are no coincidences..."
The solution is terrifyingly simple: don't allow existing residents to block new housing developments. If they don't like it, they can move.
This will probably never happen in the U.S., because the government no longer functions as intended.
"There are no coincidences..."
The solution is terrifyingly simple: don't allow existing residents to block new housing developments. If they don't like it, they can move.
This will probably never happen in the U.S., because the government no longer functions as intended.