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by solid_fuel 87 days ago
> A lot of regular homeowners fight new developments tooth and nail.

In a system where those with more capitol have more power, homeowners are the powers that be. They're more likely to vote and have more money for discretionary spending - like donating to politicians.

1 comments

People have been steered for decades into using their home as a vehicle for retirement. Of course they want to protecet it.
I'm not blaming individual homeowners, there are very strong incentives for treating homes like retirement investments. It's an issue of policy, but we do have to address that it is also causing rent to rise and contributing to the homelessness crisis.