| I don't know why it is outrageous to say the solution to high rent is to build more. We shouldn't worry about "squeezing" people out. Ours is a HUGE nation. We have A LOT of natural resources and there is no reason why we can't let people build more (outside of protected areas, of course). People who are "priced out" should move to places where rent costs less. I keep hearing about property owners having enough political clout to block further development, depressing supply. They placate existing residents with tiny portions of rent-controlled apartments. I fail to see how "gentrification" is a problem at all in the bigger scheme of things. I don't think people renting out more places is a problem. If landlords hold supply out of the market to prop up prices, we can discourage such actions with a more dynamic property tax that places a realistic tax burden on under occupied or unoccupied property. All that being said, we definitely need to figure out some way to peoperly educate people about personal finance. |
https://www.amazon.com/Progress-Poverty-Industrial-Depressio...