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by poorbuthappy
2659 days ago
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It's exclusionary zoning laws that make it difficult for actual middle-class people to live in middle-class neighborhoods. The cost of very respectable new construction is approximately $120/sq. ft. in most regions of the country thanks to modular building technologies, but when the local zoning code prohibits the construction of new multi-family housing, it artificially inflates the cost of existing real-estate to potential middle-class home buyers, much to the benefit of the existing landowners who collectively passed the restrictive zoning ordinances. |
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