Analysis Episode #7 - HomelessnessSupport the show on Patreon and get the news in text form early, as well as an audio version of each episode: https://patre...
Zoning laws have gone far beyond their useful purview and are now gerrymandered to protect the property values of wealthy people.
This is the problem, not the government itself. Wealthy, greedy people have subverted the system to artificially restrict supply. There really isn’t a supply problem as there are far more extant homes than human beings. The supply, however, is also artificially constrained by investors keeping empty homes off of the market.
The thing that causes a rise in rents is a mismatch between supply and demand.
The thing that causes the restricted supply the the government constantly and continually cracking down to suppress new housing construction.
Zoning laws have gone far beyond their useful purview and are now gerrymandered to protect the property values of wealthy people.
This is the problem, not the government itself. Wealthy, greedy people have subverted the system to artificially restrict supply. There really isn’t a supply problem as there are far more extant homes than human beings. The supply, however, is also artificially constrained by investors keeping empty homes off of the market.