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by harshreality 2351 days ago
Yes? It drives up housing costs for everyone else. Which may sort itself out in the very long term (on the scale of decades), with sane people moving elsewhere and siting companies elsewhere, but in the shorter term you have a finite number of job opportunities, and (except for remote workers, obviously) you have to live one of those places, and every unoccupied residential property forces you to live farther from work or pay more (reduced supply).
2 comments

Seems like it's mostly stuff like bans on multifamily buildings, mandatory wasted space between the home and the sidewalk, mandatory parking spaces, and multi-year permitting processes that drive up housing costs.
There's no inherent reason why "job opportunities" have to be in only a very few places.

I'm not sure anyway that local workers are fundamentally more entitled to be allowed to buy property than other groups of people who might want to spend money to acquire real property.

Okay, but these opportunities still are in only a very few places and housing is a necessity. A human right, if you will. So the issue of housing needs to be addressed in all ways possible, including making sure that properties aren't left off the market.