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by namlem 3501 days ago
That's exactly right, but those who own real estate will fight it tooth and nail. We already have the ability to build cheap housing en masse. It's politics and greed that stand in the way of affordable housing. Those who own real estate want a return on their investment, but if more housing is built, housing prices will decline and they will lose money. This isn't just big businesses, but middle class families. We promised people that buying a house was an investment. Well, housing cannot be both affordable and a good investment.

I say the federal government should pass laws invalidating most municipal restrictions on new housing development. These laws are nothing more than rent seeking by property owners. Yeah, some neighborhoods will see increases in noise and traffic, but that's the price we have to pay for accessible, affordable housing.