Hacker News new | ask | show | jobs
by Brozilean 2444 days ago
Or it's because those with money to build property are inherently exploitative of those living there.
3 comments

It’s better that chunk of land stays an empty lot and we all pay more and more for rent. Otherwise we’d be getting exploited!
And the best way to fuel that exploitation is to give the existing set of landowners an effective monopoly by disallowing new construction. If we instead encouraged new construction (via less red tape and other means) we should expect rents to go down as the supply expands - or at least for them to rise less.
If using money to buy property is "exploitative", you've redefined that word into meaninglessness.