Hacker News new | ask | show | jobs
by yonran 327 days ago
What a disappointment that this “Silicon Valley Pain Index”—where the pain consists of things like high rents and homelessness—is headlined with an irrelevant scapegoat of 9 billionaires. The 9 billionaires named in another comment (https://news.ycombinator.com/item?id=44641525) do not own the vast majority of residential zoned land and are not active in land use politics as far as I know. It’s the few hundred thousand millionaires who use regulatory capture (zoning) to prevent abundant multifamily housing.

You can hate billionaires for other reasons, but urban land use is mostly a problem of your own neighbors who vote, not some tiny minority of super-rich.