It certainly doesn’t help that it’s literally illegal to build enough housing across the vast majority of urban land (at least in the US and Canada). Nothing like good ol’ fashioned manufactured scarcity to guarantee line keeps on going up.
It’s the mother of all regulatory capture, where our local governments (who are supposed to represent the needs of the people) have passed so many frickin laws to systematically manufacture and maintain the artificial scarcity of housing that keeps these ghouls’ investments so wildly profitable. Restrictive zoning that makes townhouses and duplexes literally illegal? Check. Arbitrary and pseudoscientific parking minimums? Check. Setback requirements so everyone is legally required to have a massive resource-consuming, space-wasting front lawn whether they want it or not? Check.
Utter insanity.
Yes! It’s also refreshing to see you mention parking minimums. It’s like everyone is blind to the sheer amount of parking lots everywhere taking up so much space.
Parking lots that are only close to full on Black Friday and Christmas Eve.
And that’s by design. Parking minimum laws were literally written with maximum demand in mind, not typical. Like, those parking lots are going to sit half-empty for 99% of the year, and we all collectively have to pay for it every day through pricier goods in stores (parking lots and the real estate they occupy ain’t free), pricier rent (it could have been housing instead), and pricier transportation (ginormous parking lots just spread everything out, meaning we’re forced to become more dependent on gas-guzzling cars instead of being able to walk to the shop for free).
A friend of mine wants to build a small house on land he legally owns, but he’s forbidden by municipality law unless it’s a luxury home.
It’s dumb. He owns the property, but he doesn’t have the money to build a luxury house. Why can’t he build a small house?
I guess not dedicating your life to pay off your house is illegal.
land he legally owns
Well the thing is he doesn’t really own it. He owns the right to use it, and that right is extremely limited. You really can’t say you own land when:
- Men with guns will kick you off the land if you stop paying your
rentproperty taxes. - The rights you do have over the land can be removed if the community decides they have a better use for it.
- Someone else might own the rights to resources on the land like minerals, oil, or water.
- Any substantial improvements or change of use must be approved by the local government.
The crazy thing about the whole situation is it’s like the ONE time that the solution is actually deregulation and stronger property rights, but it’s also the ONE time libertarians WANT heavy regulations, weak property rights, and big daddy government interfering in your personal life.
I feel like I’m in bizarro world.
Higher taxes I imagine. Government only has so much land to get money from so they want the most money per unit. You might say “well why not put an apartment building there?”. Which should mean even more money but each person there is a certain cost. So even if you make more money per unit you spend more. The ideal, from the POV of the government, would be the town having no residents only businesses. Plus you know only poor people young people and non-whites live in apartment buildings and Karen on the zoning board has strong opinions on those types.
Basically bigotry and incentives.
Imagine legally forcing everyone’s house to look the same. Seriously lawn laws in are so bonkers yet nobody bat’s an eye at them.
It honestly amazes me how Americans warship freedom while they don’t use it at all and shame people for being free
I honestly think many people don’t really know what freedom means. They think it’s a one-way street that means they can get whatever they want, but they never consider that freedom means other people can do what they want, too.