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by TulliusCicero 2563 days ago
There's various reasons for why people are NIMBYs, sure. But that's still the single biggest proximate cause of the housing crisis, by far.

I mean, you could also say, "those tech companies created too many high-paying jobs!!" but last I checked, that's generally what we wanted companies to do, so getting mad at them for it seems pretty weird.

1 comments

That's generally what we wanted companies to do,

Maybe so -- but as a response it completely dodges the question of whether or it has been a contributing factor or not.

It doesn't dodge the question at all. Of course it's a proximate contributing factor, in the same way that voting was a proximate contributing factor to Trump being the chief executive of the United States. That doesn't mean voting is a bad general idea.

I'm pointing out that even though lots of high paying jobs is obviously an input into the housing crisis, 'blaming' companies for that is clearly stupid, because we want and encourage them to do exactly that, and higher housing prices is a predictable side effect of housing supply being constrained, not some out of nowhere surprise that the tech sector foisted onto an unsuspecting public.

We have met the enemy, and they are us.