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by AnthonyMouse 877 days ago
> Some cities do not want housing/population growth. Why is that not okay?

Because substantially all cities do not want housing growth. They're all operating under the same set of incentives.

In order to have a vote in local elections, you have to be a resident. In localities with predominantly owner-occupied properties, this implies that you're a property owner. So you vote for policies that increase local housing costs, because you've got yours and you want its price to go up rather than down.

Suppose there are people in San Francisco who would like to move to San Jose or Los Angeles or San Diego, and vice versa. Everyone in San Francisco wants their property in San Francisco to get more expensive and the properties they might buy anywhere else to get less expensive, and likewise for every other city. But since only the people already in San Francisco can vote in San Francisco, the interests of all the people who want to move there are not being represented, and likewise the interests of all the people in San Francisco who want to move to San Jose but don't get a vote in San Jose.

If you move this to the state level, all of the people in San Jose and Los Angeles and San Diego can vote to lower housing costs in San Francisco and vice versa, and since the people outside of a given city outnumber the people in it, the balance could shift in favor of housing affordability instead of the untenable status quo.

1 comments

Renters are 62% of the San Fran population, so I don’t think we can blame democracy for high housing prices.
That's when they resort to the bribery which they call rent control. Instead of building more housing, they give existing tenants (who can vote in the jurisdiction) lower rents than prospective tenants (who can't). Which moves enough tenants to the other side of the ballot to keep the construction restrictions in place, and further reduces the incentive for new construction, raising long-term rents even more.

Prohibiting rent control at the state level would be a great move because economists broadly agree that it's a terrible idea and then you get all the previously paid off tenants whose rent would increase clamoring for other measures to get housing costs down and increase the incentive for new construction. (Many other states sensibly already prohibit it at the state level.)

In California rent control is established by a referendum so it requires either another referendum to repeal or a some large majority in the legislature (which is unlikely to pass since the legislators understand that it's likely to be their last legislation). You cannot take away free/cheap stuff from people in a democracy, nobody is going to vote for that.
Rent control is a huge pain the ass because it's simultaneously supported by fatcats who know exactly what it does (i.e. raise overall housing costs) and naive idealists who think they're sticking it to the fatcats.

The cake is a lie.